Tesla Promises "Competitive" Pricing in China

Newswire

BEIJING, Jan 23 (Reuters) - U.S. battery carmaker Tesla Motors Inc has unveiled what it describes as a "competitive" pricing strategy for China aimed at kick-starting sales in the world's biggest auto market, where demand for luxury cars has been booming. The Palo Alto, California-based company said on Thursday that a version of the Tesla Model S, a sleek all-electric battery car which sells for $81,070 in the United States, would retail for 734,000 yuan ($121,300) in China ...

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