Tesla Motors Accepting Model S Bookings in Mexico Aman Jain - ValueWalk
go to original December 19, 2015

Travel down the Tilburg assembly line with Model S (Tesla Motors)

Tesla has begun commercialization of its electric car - the Model S - in Mexico. Interested customers are required to make an advance payment of 80,000 pesos ($4,701.2) for booking the vehicle through the automaker’s website. Citing unnamed sources, a report from Zacks states that the price can be expected to start at $75,000 plus taxes.

Tesla’s decision to start operations in Mexico is based on the interest of the country’s government in sustainable transport. Additionally, Mexico City is among the world’s top luxury markets. Mexico’s automotive market is mature and dynamic, and for the past few years, it has been witnessing continuous growth.

Last year, light vehicle production hit a new historical record of 3 million vehicles in the country. It is expected that by 2018, the Mexican automotive industry will reach a production level of 4 million units because of the expansion that will take place in the future, according to the Mexican Automobile Industry Association (AMIA). By 2020, the production level is expected to be 5 million.

Tesla is undertaking international expansion very aggressively. In Aug 2013, the company started delivering the Model S in Europe and in April 2014 in China. In November 2013, the electric automaker began taking orders for the Model S and Model X in Japan. In June, the company launched the right-hand drive (“RHD”) Model S in the U.K. and in Hong Kong in July. The U.S. firm also expanded its operations in Australia.

Read the rest at ValueWalk

Related: Tesla and the Future of Electric Cars (Yuanhan)

Related: Tesla Model X ‘Configurator’ and Its Pricing (ValueWalk)

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