Tesla Model S Sales Booming In China
The Tesla Model S was recently made available to China. Right after its availability, sales started strong and apparently picked up even further afterwards.
Tesla predicted 7,500 Model S sold worldwide in Q2, but Tesla exceeded that to come in at exactly 7,546 Model S sold. Approximately 1,000 of those Model S sold in Q2 were sold in China, according to Brian Johnson of Barclays PLC.
As Bloomberg reports:
“Initial deliveries into China appear to have been successful,” said Andrea James, a Minneapolis-based analyst for Dougherty & Co. who rates Tesla a buy.”
1,000 Model S EVs sold in a single quarter in China seems a respectable figure to us.
In regards to Tesla’s upcoming Gigafactory and production, James Albertine, an equity analyst with Stifel, Nicolaus & Co, stated:
“Tesla has enough global runway with respect to recently tapped or altogether untapped markets to continue a steady production ramp of Model S and Model X units well into 2015 as the Gigafactory breaks ground.”