In early March, Tesla surprised everyone when it said it had just sold $1 billion worth of vehicles in China in 2016.
Until then, the narrative surrounding Tesla in China was that the company just didn’t get it. Because of high tariffs and taxes, Tesla’s Model S and Model X cost 50% more in the country than elsewhere, meaning Tesla would remain a bit player in the world’s largest market for cars. One analyst declared Elon Musk would reach Mars before cracking China.
