Dallas, Texas 04/24/2014 (FINANCIALSTRENDS) – Tesla Motors Inc (NASDAQ:TSLA) will soon be one of the most prominent player on the Chinese market scene. The CEO Elon Musk, will now begin the deliveries of its popular Model S in the country.
The growth forward for Tesla is the development of domestic manufacturing in China in the near future. The company hopes that the company will soon begin a joint venture with Chinese company. Such venture will offer comprehensive growth development if it can overcome the high 25% tariff it will see for imports.
Tesla Motors Inc (NASDAQ:TSLA) is awaiting the growth of its Chinese markets. The company will be able to develop this line of market will be possible only if EV subsidies will be removed. Tesla Model S when manufactured in the country. Tesla will begin to produce vehicles for Chinese markets when mentioned within the country’s borders. The vehicles will also be eligible for subsidies. Considering the fact that the Chinese EV subsidies are substantial, in 2013, it will begin to show a cut of over 4% by 2014 which will then increase to 10% by 2015, by the time it reaches 10 % to 20%. This has been offered due to the recent demand for pollution-free conditions.
Tesla Motors Inc (NASDAQ:TSLA)holds a market capital of $24.62 billion. EPS of the stock is -0.70. The outstanding shares for the company are in the range of 123.19 million. Beta is 0.37. The stock prices for the share are $205.01 low and high of $212.80. The 52 week range is $48.98 low and $265.00 high. The stock opened on the share market at $210.81, at the start of the trading session.
Tesla Motors Inc (NASDAQ:TSLA)will also benefit from the lowering of production costs, when it begins production in China. It will also help the company to save on transportation costs, which will then save substantially for the consumer.