Tesla will begin in the first quarter of 2014 to the Chinese market of electric vehicles

Due to the third quarter of the Model S electric vehicle sales of 5500 units of market expectations, leading to tesla motors shares tumbled 12% in after-hours trading in 5. Tesla motors CEO elon musk, said on a conference call to the company's production is limited by a battery supply, and is not the market demand is insufficient. In addition, is expected to start from the first quarter of 2014 to the Chinese market electric cars, probably in 2 months.

Strong demand

Musk (Elon Musk) emphasized in the conference call, the Model S electric vehicles in North America, especially in the United States market demand is still growing, but in order to put the Model S electric cars delivered to European consumers, the company was forced to suppress the output of the north American market. Musk said. "in order to meet the requirements of the long-awaited European consumers, we were forced to delay the shipment to north American consumer. European consumers waited for a long time, some people even have to wait for 2 to 3 years, so we have to consider these consumers get the Model S electric cars."

Musk said. "I think now we are able to maintain in the north American market sales of 20000 vehicles a year, maybe more. But if the production is not enough, try to enlarge demand just doesn't make any sense to us. This only can let the consumer unhappy. We are currently in the European market is like in January or February as in the us market. We received an order of 10000 cars a year. But if you cannot fulfill the order, it just doesn't make any sense for us. We hope that the current actions, can demand growth for the future lay the foundation. I think, we in the European market demand will be on a par north American market. This goal is feasible for me."

The Chinese market

Tesla motors production limit will also affect to the Asian market. Musk stressed in the conference call, the company is expected to start from the first quarter of 2014 to the Chinese market electric cars, probably in 2 months. But he said again, if the supplier can't meet the demand, there was no question of what is to promote the growth of demand. He said, "I do suggest to order the Model S electric vehicles of Chinese consumers to place an order as soon as possible, because from the point of the present situation, under the orders of the later, waiting time will be longer."

Musk in the second quarter of this year in a conference call said, "tesla motors, faced with the problem of limited are limited from requirements into production." Musk in Tuesday's conference call, stressed that "people still don't understand is, we and other carmakers are fundamentally different. Our management to take the time to consider, how quickly ramp up production capacity, maintain high quality, and further improve the product. We expect to next year, the company's production capacity constraints will be much relief."

The new model will be listed

Musk said in the conference call, crossover SUV name will be "Model X". The enterprise will be available soon, but price is higher than the Model S prices.

Musk said in a letter sent to investors, the company's retail and service center in the third quarter increased by 20%, more than 100. He also said that tesla is expanding fast charging station network, the North America opened 31 new charging stations. The charging station need only 20 minutes to the Model of the Model S battery is full of half. Tesla currently charging station has enough to satisfy the user freely between San Diego and vancouver, they also want to deploy enough by the end of the charging station, allow users to across the entire United States.