31 Mar '15, 10am

Musk: Tesla Could Build Cars In China “In Three Years”

As for Tesla’s sales troubles in China, Musk blames “scalpers” who placed orders for multiple cars thinking they could flip them for even more money based on limited demand. But when that demand didn’t materialize like Musk and the scalpers anticipated, Tesla was left with lots of cancelled orders for already-built cars. That would be one of the drawbacks of Tesla’s built-to-order model, I suppose. However, the Tesla CEO went on to say he was “quite optimistic” about Tesla’s sales prospects in China, and that eventually, both it and Europe would get localized production centers of their own. Before the automaker can do that though, Musk admits that it must “boost the confidence” of consumers in China.

Full article: http://gas2.org/2015/03/31/musk-tesla-build-cars-china-th...

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