Tesla Said it Has Hundreds of Orders for the Model S From Hong Kong image

Tesla announced it had received thousands of orders for the Model S from Hong Kong customers.

The number of orders would be enough to double the number of EVs on the Hong Kong roads. Tesla CEO Elon Musk expects the Model S to sell 21,000 units by the end of this year, with deliveries to Asia and Europe started from the second half of 2013. The Model S sedan, priced from $69,900 in the U.S., is Tesla’s second models after the $109,000 Roadster.

“Our number is over all electric cars in Hong Kong combined,” Kenneth Lui, Hong Kong sales manager for the Palo Alto, California-based company, said in an interview today.

He added that the model will go on sale in Hong Kong this winter and the price will be announced in the following couple of months. At the end of April, Hong Kong had 303 private electric vehicles registered, according to the city’s Transport Department.

This year so far Tesla managed to triple its market value and also plans to create an exclusive infrastructure for customers of the Model S sedan. Tesla shares reached a record high after a Jefferies Group analyst increased estimates for the automaker’s 2013 deliveries and almost doubled her price target for the company.

Source: Bloomberg