30 Dec '14, 2pm

Tesla Tries To Jump-Start China Sales: Filed under: Energy News

Tesla launches trade-in program. Bottom line: Tesla and other EV makers is likely to face an uphill road in China for the next year, but prospects could start to improve in mid 2015 as new initiatives gain momentum. Reports on a new trade-in promotion from Tesla (Nasdaq: TSLA ) are recharging talk earlier this month that the high-flying electric vehicle (EV) maker isn’t doing as well as hoped in China, where sales have gotten off to a slow start. This kind of a sluggish start isn’t too unexpected, since EVs are rare in China and face many obstacles despite a strong push by Beijing to boost the sector. Tesla should be commended for its numerous efforts to promote EV development in China through a wide range of initiatives, but is also largely to blame for the building disappointment after it built up huge expectations for itself in the market. Tesla drove into China with hu...

Full article: http://www.altenergystocks.com/archives/2014/12/tesla_tri...

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