Tesla seeking China electric car subsidies The Detroit News

24 Мар 2014 | Author: | Комментарии к записи Tesla seeking China electric car subsidies The Detroit News отключены
Tesla Motors Electric Cars

Calif.-automaker launches sales next month as stock

Tesla Motors Inc. the and smallest publicly traded automaker, wants its Model S to for China’s electric car subsidies the government said will more valuable than planned.

On Monday, Ben Kallo of W. Baird Co. and Craig Irwin at Securities Inc. said extension of incentives, which car doesn’t get as a U.S. import, creates favorable conditions of the start of Model S sales month.

“We understand we don’t qualify for subsidies,” Diarmuid O’Connell, vice president of business said in a phone interview week.

“We’re hoping the will consider the role can have in catalyzing electric adoption in China and extend incentives to Model S as well,” he

Tesla, which quadrupled in last year, began again last month the Palo Alto, Calif.-based said its shipments of Model S in the fourth quarter of 2013 and were 20 percent higher it had expected. Musk also in a January interview that where sales begin month, may match U.S. as early as next year.

Elon Musk, Tesla’s chief executive officer, and JB its chief technical officer, customers in Europe this about plans for the Model S and X crossover, and its strategy for China is well received, said who rates the shares outperform.

the news following around and JB Straubel kind of got it started, and all the news in China is also a positive impact,” Kallo in a phone interview.

China confirmed that incentives will be higher in than previously announced as of efforts to curb the nation’s air pollution.

Tesla Motors Electric Cars

Subsidies are being cut by 5 percent this year, of an initial 10 percent target, and be further decreased by 10 percent in instead of 20 percent, China’s ministry said in a joint with the National Development and Commission, technology and industry

“The better-than-expected change in EV subsidies is helping the stock,” Irwin, who rates Tesla

“This doesn’t fundamentally Tesla, given they are not for the subsidies yet, but is a headline he said.

Tesla’s Model S be priced from 734,000 ($121,000) in China when begin, the company has said. about 50 percent higher the U.S. price to cover costs, taxes and import that run as much as 25 percent, said.


The company is scheduled to release financial results on Feb. 19. on average estimate the company post a profit, excluding costs, of 18 cents a share, to data compiled by Bloomberg.

The net may narrow to $2.4 million, or 2 a share, while sales may than double to $668.6

Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars
Tesla Motors Electric Cars

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