Tesla Motors Inc (TSLA) Has Received Hundreds Of Orders In Hong Kong

Tesla Model S
On Friday, Tesla Motors Inc. hit a record closing price because they received hundreds of orders for the Model S sedan in Hong Kong.  The number of orders is enough to double the number of electric vehicles in Hong Kong.  Tesla’s shares gained 4.2% to $120.09.  The stock more than tripled this year.

“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 yesterday.

“Our number is over all electric cars in Hong Kong combined,” stated Tesla Motors’ Hong sales manager Kenneth Lui last week in an interview, as reported in Bloomberg.

Led by Elon Musk, Tesla Motors forecasted 21,000 Model S vehicles this year.  Deliveries in Asia and Europe are expected to start in the second half.  The Model S starts at $69,900 in the U.S.  According to the city’s Transport Department, Hong Kong had 303 registered private electric cars as of the end of the April.

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