Tesla Helps Chinese Buyers Trade in Old Cars for Model S
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Tesla Motors Inc. will help Chinese buyers trade in their old cars if they buy a Model S, part of the automaker’s latest efforts to spur sales of its all-electric sedan in the world’s biggest vehicle market.
The electric-car manufacturer led by billionaire Elon Musk will liaise with used-car traders to buy vehicles from customers in Beijing, Shanghai and Hangzhou, it said in an e-mailed statement. The company will deduct the value of the sale from the price of the Model S, which starts from 648,000 yuan ($104,000) in China.