Tesla launches trade-in program to bolster China sales

December 26, 2014
Tesla Motors has launched a trade-in program aimed at bolstering sales in China.
The California-based company is helping potential customers get rid of their existing rides, selling the used cars via established networks and deducting the sale value from the Model S’ sticker price, according to a Bloomberg report.

Tesla encountered a few headaches as it entered the world’s largest automotive market, with early buyers frustrated by delivery delays. The company plans to build the Model S in China within approximately four years to help accommodate anticipated demand.

Chinese buyers face a 648,000-yuan (~$104,000 USD) price tag for the electric sedan, which can be charged at hundreds of stations located throughout the country.

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