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Here's How Tesla Is Doing in China

Base price @ 740k rmb. Had 2 leave but friend still there. He has extra license plate, think he will put down 15k rmb deposit.No reason not2

Bill Bishop (@niubi) March 6, 2014

In January, Tesla announced that the price of the premium 85 kWh Model S is 734,000 CNY ($121,370), the same price as the $81,070 starting price in the U.S., excluding taxes and fees.

On the earnings call, Musk said that since Tesla announced pricing in China, "it seems unlikely that we'll be able to get everyone a car this year."

Must Read: Wal-Mart Drops Prices for Apple iPhones and Samsung Galaxy S4

The strong demand for Tesla in Asia goes back to July, when Kenneth Lui, a Tesla sales manager based in Hong Kong, told Bloomberg the company had received "hundreds of orders" for the Model S sedan already despite not having a retail price for the car in the Chinese city at the time.

There will be some setbacks as the company continues to expand into China, with a small Supercharrger network (for now), and limited infrastructure, but the company will get there. During the earnings conference call, Deutsche Bank analyst Rod Galves questioned Musk and CFO Deepak Ahuja about the prospects of charging in China, with Musk noting the company is "working pretty hard on that, and we believe we've got some good solutions."

With the Chinese government continuing to provide incentives and subsidies for electric cars, Tesla's future in China is exceedingly bright. One Model S (and soon to come, Model X) at a time.

--Written by Chris Ciaccia in New York

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