Tesla Model S

Tesla Model S

Andrew Harrer/Bloomberg

Tesla Motors Inc.’s Model S will be priced from 734,000 yuan ($121,116) in China when deliveries begin, the company has said. That’s about 50 percent higher than the U.S. price to cover shipping costs, taxes and import duties that run as much as 25 percent, said Elon Musk, Tesla’s billionaire chief executive officer.