Tesla Considers Selling Model S in South Korea

DEC 4 2013 BY ERIC LOVEDAY 3

It seems production constraints may be limiting Tesla’s ability to expand sales of the Model S into more markets, but that’s not holding Tesla back from at least considering selling the Model S on a global level that’s rivaled by only one other pure BEV: the Nissan LEAF.

Model S

Model S

Just days ago, Tesla had some representatives on the ground in South Korea as part of the automaker’s search for additional investors.  While there, Tesla hinted that South Korea is an “exciting” market, but the automaker wouldn’t commit to launching the Model S there.  It’s believed that Tesla’s limited production will prevent it from selling the Model S in South Korea for now.

Back to Tesla’s hunt for investors, word is that Tesla met the South Korea’s National Pension Service to see if there was interest in investing in Tesla.  According to reports, the government service wasn’t keen on investing in Tesla due to the “automaker’s recent poor stock performance and its continuing business losses,” according to ValueWalk.

In Asia, the Model S has been confirmed for sales in China, Hong Kong and Japan.  Sales are expected to be strong in Hong Kong.  China is the great unknown.  Tesla think it can do well in China, but its uncharted waters for Tesla, so only time will tell if the Model S is a hit there.

The Tesla Roadster was never offered in China, though it was made available in both Japan and Hong Kong.

Source: ValueWalk

Categories: Tesla

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3 Comments on "Tesla Considers Selling Model S in South Korea"

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Tesla’s short term stock price likely to be minor consideration given South Korea’s longer term energy crises.

South Korea and their governmental interest to investing in Tesla Motors will likely be effected by politicians trying to manage their political image. Timing is poor right now as
“Asia’s fourth largest economy faces severe power shortages again this winter due to cuts in nuclear power use after a corruption scandal that started in late 2012”, over faked safety documents, and construction oversight. Six nuclear power pants, supplying a 1/3 of the countries electricity needs has been off-line since May with unknown safety concerns. Electric terifts were recently raised again in attempt to reduce winter demand. The government is scheduled to hold investigational hearings mid-December.
http://www.reuters.com/article/2013/11/28/us-nuclear-korea-idUSBRE9AR07020131128

Brandon

i thought koreans were smart, guess not

Anon

Corruption and stupidity are universal…