Tesla Motors Inc (NASDAQ:TSLA)’s Model S the model car for China

Posted by Lacee Page August 26, 2013 0 Comment 3667 views

Tesla Motors Inc (NASDAQ:TSLA) announced that it has commenced booking orders for the Tesla Model S in the largest economy in the world, China. This announcement was made by the company on Weibo, the micro-blogging site in China.

With reference to financial commitments, the company’s foray into the Chinese market is very small at the moment but from a psychological viewpoint, the change is a massive one. Though TSLA focuses to a great extent on the United States market it has its sights firmly set in the future.

Spanning the globe

Very recently, the company announced that its 1st European electric-car had been delivered to Frederic Hauge, a car enthusiast in Norway. He was the very first European to have a Tesla delivered to him. Interestingly, way back in 1989, he was the first person to import an electric-car into the country.

TSLA is seeking to spread its wings in Europe. In this direction, it had already opened-up an assembly-line in the Netherlands. This is where the European market, Tesla Model S cars are made. All the parts that come to this factory are imported from California. At the moment the company has not provided much of a glimpse into its plan for foreign manufacturing is. However, on the face of it, it seems like the company is setting the stage for operating manufacturing plants overseas.

What’s in a name?

TSLA has faced a few hurdles along the route. Last week the company revealed that the brand name Tesla had already been taken in that country and that the company will now have to take the name Tousule in China. Despite these little glitches the company is hoping to make a strong entry into the Chinese market and hopes to leave its mark there.

About Lacee Page

Lacee Page is our White House and political campaign reporter. Lacee also covers justice and national law enforcement issues and congressional reporter focusing on the outputs of the legislative process: government spending, agency regulation and congressional oversight. Lacee received a national Edward R. Murrow for spot news award and the regional Associated Press award for best newscast. Lacee attended Riverview High School near Coshocton, and graduated from Ashland College in Ashland, Ohio with a Bachelor of Arts degree in Communications.

View all post by Lacee Page Visit author's website

Write Your Comment