Tesla CEO Elon Musk said on a March 27 interview with Xinhua that Tesla plans to make a long-term commitment to the Chinese market and aims to localize their product in China within three years. Musk said, “We have a strong market for long-term development in China and hope to establish a local production and design base in China.” Currently, Tesla lovers in China must buy cars imported from the United States.
However, the company has faced quite a few bumps in the road to conquering the Chinese market. Tesla sales in China last year were not as high as the company expected and the company fired a bunch of executives in China. Last year, the number of pre-orders for Tesla cars was much higher than actual sales. These “speculators,” who ordered a car but backed out of the deal caused the illusion of extremely high market demand for Tesla cars in China. The company, therefore, had way too much inventory in China last year because of these fair-weather customers. However, Musk is optimistic for Tesla's future in China, where they will still make tons of money by selling extremely expensive cars to very rich people.
Source: inews.qq.com
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Keywords: Tesla China Elon Musk China
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In business,it is good to put risk at the highest level,so u will receive the benefit as well.
Apr 03, 2015 11:47 Report Abuse
Actually, this was disproved by a Chinese student last week. Most of his research done, was gotten from The Onion.
Apr 04, 2015 09:21 Report Abuse
If he thinks he has been screwed now wait until the Chinese make their own electric cars. He will be fined for breaking monopoly laws then forced out of the market.
Mar 31, 2015 11:12 Report Abuse
ummm they're not extremely expensive. A Bentley Mulsanne is expensive. A Tesla - not really expensive. Not cheap, but not expensive, and not extremely expensive. A Lamborghini Aventador, expensive. A Bugatti Veyron? OK, get it? Thanks. Just has to get that out of my brain. Thanks. Yer welcome. Glad I can help.
Mar 30, 2015 23:44 Report Abuse
Isn't this how Mao got screwed over as well (except in export rather than import)? They reported high steel and rice production and then he found out that his subordinates had lied... So he shipped the rice anyway to avoid losing face and millions paid for it. Seems like a trend here...
Mar 30, 2015 23:43 Report Abuse
There's an Answer section on this site, you just had to ask really, we would've told you.
Mar 30, 2015 21:50 Report Abuse
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