Tesla unveils price of Model S in China
"If we were to follow standard industry practice, we could get away with charging twice as much for the Model S in China as we do in the U.S.," Wednesday's blog post said. Instead, Tesla said the price is "much lower than its competitors" because it wants to "treat our Chinese customers just as well as we'd treat customers in any other country."
Tesla, the Palo Alto, Calif.-based maker of electronic vehicles founded by billionaire Elon Musk, finished strong last year with record-high sales from the fourth quarter of 2013. Its Model S won the 2013 Motor Trend Car of the Year award.