Tesla expanded its dealership roster with the opening of its Tokyo showroom on Monday, the automaker's first Asian store. Japan is not entirely new territory to Tesla, since it has close ties to two major Japanese corporations. Toyota recently invested $50 million in the American company's stock and has contracted Tesla to help develop an electric version of the RAV4 while Panasonic is providing the batteries for the Model S packs.

Elon Musk, Tesla's chief executive officer, told Investors he believes that, "the Japanese market is a fantastic market." Electric vehicles (EVs) in Japan are tax-free and eligible for government incentives that can reduce the hefty $152,250 starting price tag by a quarter. A major deterrent in purchasing EVs at the moment is the lack of charging infrastructure which greatly limits the range an EV owner can drive. Japan's first Tesla Roadster owner, entrepreneur Takao Ozawa, admits that as much as he enjoys the guilt-free driving of his Tesla, he only uses it for his work commute. On longer trips, he uses his regular gas vehicle.

[Source: Investors]

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