Tesla cars are some of the best and most-desired vehicles these days, and this is evident from the fact that Russians are ready to spend twice what the cars typically sell for to get their hand on a Model S, says a report from Bloomberg. Also around 100,000 Russians are followers of CEO Elon Musk’s unofficial media account. But still, Musk is not selling cars in the region.
Tesla vehicles have good demand in Russia
Software executive Andrey Vratskiy a true Tesla fan, already has one Tesla, but the hardships he had to face to get the vehicle are something to look at. He was so keen to replace his BMW X6 with a Model S that he ended up paying almost double the retail price. In addition to the absence of a charging infrastructure in the country, Vratskiy had to pay $12,000 for its transportation from the U.S. to Moscow and $50,000 for customs clearance. That was two years ago, but not much has changed since then except for the fact that a few hundred more Tesla vehicles are now in the region.
It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More
Tesla reported revenue of $1.1 billion in the first quarter, which is