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 are the expected timelines for Tesla's production plans in China?

What is the significance of the 'Cash for Clunkers' program mentioned in relation to Tesla?