Tesla prices its Model S in China

|About: Tesla Motors (TSLA)|By:, SA News Editor

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."

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