MoneyWatch

Tesla delivers first China cars, plans expansion

/ AP

BEIJING - Tesla Motors has delivered its first eight all-electric sedans to customers in China, and CEO Elon Musk says the company will build a nationwide network of charging stations and service centers as fast as it can.

Musk said Tuesday the California company probably will invest several hundred million dollars in charging infrastructure in China. Tesla previously announced a $121,000 sticker price for its Model S sedan in China.

The company said taxes and shipping charges account for the difference with its U.S. price tag of $81,000. Customers received the first Model S sedans in China at a brief ceremony at the company's office in Beijing, also the site of its first charging station.

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