China: Black Market Tesla Model S Selling for $136,000

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No warranty or software updates included.

China’s rich elite is apparently so enamored with the TeslaModel S, that its members are willing to pay a $13,000 premium over thealready-inflated local price tag for the car - just to cut a few months off thewait for the popular EV. By buying the Model S on the black market, they’re also forgoingsuch niceties as dealership support, warranties and service. This reality washighlighted with the recent arrival of fourteen examples at a dealer inTianjin, all carrying the hefty price tag.

Black and gray market car sales are common in China, wherenew car ownership is an important status symbol for the newly rich. But thesituation is further exacerbated with the Tesla, as the black market modelswill not receive any of the connectivity required for software updates, which are necessary to keep the car in-line with other Model Ss on the road.

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