Tesla Cars, Like iPhone, Seen As China Status Symbol

By | April 8, 2014

Scalper1 News

Tesla’s (TSLA) Model S could be as big a success in China as the Apple (AAPL) iPhone, says Barclays in a research report, but the electric-car maker faces a big challenge in developing a supercharger network. The Model S is expected to cost a Chinese buyer nearly $120,000, including import duties and taxes. “We believe Tesla has an opportunity to be the next hot luxury boom in China, similar to Chanel purses or Apple iPhones, with status seekers Scalper1 News

Scalper1 News