There’s no stock that’s been hotter than Tesla Motors (TSLA) this year. Yes, there is a running joke about how “hot” Tesla batteries have been given the few fires those batteries have caused, but the emergence of Elon Musk’s brainchild and the explosion of TSLA stock is nothing to laugh at.
The fact is that TSLA is changing the way the world looks at the automobile, and I have zero doubt that in decades to come electricity will likely dominate the propulsion systems in most cars. More immediately, however, is Tesla’s plan to conquer the China market — one that’s replete with newly minted millionaires eager to spend big bucks on the coolest tech toys.
TSLA just started launched its China website Tousule.cn, and it currently is taking pre-orders with a reservation fee of RMB 250,000, or about USD $41,000 USD for its Tesla Model S sedan. The launch of the website follows the opening of a Tesla Motors showroom in Beijing last month.
TSLA will likely start delivering the Model S in the first quarter of 2014 at an estimated cost of between $146,000 and $200,000 — much higher than the $80,000 or so you’d have to pay here in the U.S.