Editor's note: An earlier version of this story misidentified the news organization that reported this story. It is a Bloomberg story.
HONG KONG (Bloomberg) -- Tesla Motors Inc. said it's received hundreds of orders for its new Model S sedan, enough to double the number of electric cars on the roads of Hong Kong.
"Our number is over all electric cars in Hong Kong combined," Kenneth Lui, Hong Kong sales manager for the Palo Alto, Calif.-based company, said in an interview last week. Prices of the vehicle, which goes on sale in the city this winter, will be disclosed in the next couple of months, he said.
Tesla, headed by billionaire CEO Elon Musk, has forecast Model S sales will reach 21,000 units this year, with deliveries to Europe and Asia beginning in the second half. The Model S, which starts at $69,900 in the U.S., is Tesla's second vehicle after the $109,000 Roadster.
Hong Kong had 303 registered private electric cars at the end of April, according to the city's Transport Department.
Tesla shares have more than tripled in value this year, and reached new highs last week after the Hong Kong news emerged. The shares today rose 1.1 percent to close the day at $121.61.
Automotive News contributed to this report.
