Elon Musk To Chinese Auto Buyers: Trade In Old Car For Discount On $100k Tesla – 27 December 2014

RT logoTesla Motors is to begin offering Chinese buyers the chance to trade in their own vehicles for Model S electric cars, worth more than $100,000 each. The plan is part of the company’s strategy to boost sales in the world’s biggest car market.

Billionaire Elon Musk, CEO of Tesla Motors, said the company will liaise with used-car traders to buy vehicles from customers in Beijing, Shanghai, and Hangzhou, according to Bloomberg News.

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