Teslas Trade-In Plan: 'Cash for Clunkers' in China

Elon Musk is exploring ways to expand Tesla's presence in China, the largest vehicle market, by allowing Chinese buyers to trade in their old cars for a Tesla Model S. This initiative aims to make Tesla more accessible in China. Meanwhile, Tesla faces challenges in the US due to complex dealership regulations that hinder its ability to own dealerships. Despite these challenges, Musk is employing innovative strategies like 'Cash for Clunkers' to attract customers and boost sales.

What is Tesla's strategy to help Chinese buyers purchase a Model S?

• Providing free maintenance for a year

• Collaborating with used car traders for trade-ins

• Launching a new model exclusive to China

• Offering discounts on new purchases

What is the approximate price of the Tesla Model S in China?

• $150,000

• $75,000

• $50,000

• $100,000

When did Tesla begin delivering Model S sedans in China?

• January

• April

• July

• October

What is one of the main challenges Tesla faces in the US market?

• Limited availability of electric vehicle parts

• Complex regulations preventing dealership ownership

• Lack of consumer interest

• High production costs

What innovative approach is Musk using to attract more customers?

• Providing extended warranties

• Implementing a 'Cash for Clunkers' style program

• Offering free test drives

• Launching a new advertising campaign