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Tesla plans fast track to expand in China

Tesla Motors CEO Elon Musk says the company will build a nationwide network of charging stations and service centers as fast as it can.
Published: May 5, 2014 3:00 a.m.
Tesla plans fast track to expand in China
JOE McDONALD | Associated Press

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BEIJING – Tesla Motors Inc. delivered its first eight electric sedans to customers in China last month and CEO Elon Musk said the company will build a nationwide network of charging stations and service centers as fast as it can.

Tesla probably will invest several hundred million dollars in charging infrastructure in China, Musk told reporters. He said it will open several hundred service centers.

“My instructions to the team are to spend money as fast as they can spend it without wasting it,” he said.

The Palo Alto, California, company previously announced a $121,000 sticker price for its Model S in China. It said import taxes and shipping account for the difference with its U.S. price tag of $81,000.

Customers received the first Model S sedans at a brief ceremony at Tesla’s office in a Beijing industrial park, also the site of its first Chinese charging station.
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