Revealed: The Price of a Tesla Model S in China
If you’ve been following the exploits of Tesla Motors (NASDAQ:TSLA) in China, then this is the bit of news that you’ve been waiting patiently for — or maybe impatiently. Regardless, it’s here: Tesla will be selling its Model S sedans in China for 734,000 yuan, or about $121,280 dollars, for the 85 kWh-equipped Model S sedan.
That sounds like a lot of money, mainly because it is a lot of money by just about anyone’s standards. But when compared with the high price premiums that other luxury cars in China command, it’s about on par with Tesla’s primary competition. An Audi S5 sedan and BMW’s 5-series GT sedan, according to the car-pricing Web site Autohome, run about the same amount. To illustrate the gaping chasm between prices, a base 5 Series GT costs about half of that here in the States.
Tesla points out that the equivalent model of Model S sells for $81,070 in the U.S. “The price of a Model S in China is the same as the price of a Model S in the U.S., adding only unavoidable taxes, customs duties and transportation costs,” Tesla said in a statement.