- Tesla Motors (TSLA) says it will price its premium Model S in China at 734K CNY ($121K).
- The automaker says it priced the vehicle "much lower" than competitor models and at a fair level compared to the U.S. version. What's lost in translation is the added taxes and costs associated with selling in China.
- Straight from the Tesla blog: "734k CNY is a big risk for Tesla. We know it's unconventional. We know we could charge more."
- TSLA -0.4% premarket