China's New Energy Vehicle Subsidy Extension Jump Starts Tesla, Kandi Share Prices

Tesla jumped more than 6% in Monday afternoon trading on the stock market today. Kandi, which trades on the NYSE exchange in the U.S., soared 11%.

Published: 11-Feb-2014

Shares of Tesla Motors (TSLA) climbed sharply Monday after China said it will give more subsidies for electric vehicles than announced earlier, as it pushes to cut rising air pollution.

Tesla opened its first mainland China showroom in Beijing late last year and is expected to quickly ramp sales of its high-end electric cars in the country.

China's Kandi Technologies (KNDI), a maker of specialized electric vehicles such as all-terrain vehicles and utility vehicles, could also get a boost from the move.


Tesla Model S similar to one driven by NY Times reporter John Broder.

Grist's David Roberts argues that instead of obsessing over 'widget' solutions to our energy and transportation problems, we need to rethink the entire system.

Tesla's next act, the Model X will seek to fill another niche, just as other crossover models do.

Part one of series by Mark Rogowsky in which he argues that there is no such thing as a all-purpose automobile. All have their limitations, just like electric cars.

Tesla Model S assembly line has turned out nearly 3,000 units in 2012.

Since launch of production in 2012, Tesla has manufactured 2,750 Model S luxury electric sedans and aims to reach 20,000 annually.


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