Can Tesla break into China?

05/9/2014 | CNNMoney/Fortune

Tesla's electric sedans might seem eye-wateringly expensive to American motorists, but to China's new wealthy class they're seen as relatively affordable. The next step could be for Tesla to start building its cars in China, bypassing steep import tariffs. That, however, could present big challenges for the fledgling automaker. "Time after time, when foreign companies have come here with huge ambitions and a short timeline in obtaining them, it doesn't work out," says James McGregor, an expert in foreign dealings in China.

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