Tesla delivering vehicles to customers in next 2 months
TeslaMotors Inc, the electric vehicle producer, will deliver previously ordered cars to customers inHangzhou and Shenzhen in the next two months. The company is also setting up service centers in the two cities, Beijing-based spokeswoman Peggy Yang said. Tesla’sModel S will be priced from 734,000 yuan ($118,000) in China. Stanley and Deutsche Bank AG on an initial public offering in the United States, said people with knowledge of the matter. The IPO may raise $500 million to $1 billion, said two of the people, who asked not to be identified because the discussions are confidential. China Renaissance Securities (Hong Kong) Ltd is also working on the deal, according to the sources. convertible notes due in 2019, the Changzhou-based company said on Thursday in a statement. Net proceeds from an offering of 8.8 million ADRs, each worth 50 ordinary shares, totaled about $92.9 million at $11 per ADR, the company said in a separate statement. said on Thursday. It will also remove some features used in European markets, he said.