London's bankers favour electric rides over flash cars at Motorexpo

Fri Jun 13, 2014 12:27pm EDT
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* London Motorexpo runs until Sunday

* 400,000 visitors expected

* Tesla Motors, Lotus, Jaguar and BMW among exhibitors

By Clare Hutchison

LONDON, June 13 (Reuters) - Instead of a Ferrari Testarossa, the next "Wolf of Wall Street" could be driving a zero-emissions car or even an electric bike if London's Motorexpo show is anything to go by.

Tesla Motors and Dutch electric bike maker B4 Bikes have been among the busiest stands at the nineteenth London Motorexpo this week - a display of sports cars and premium executive vehicles in the Canary Wharf financial district, which runs until Sunday.

At Tesla, encouraged by the sunshine and warm temperatures, a steady stream of workers from the nearby offices, which include the headquarters of HSBC and Barclays, closely examined its cars stationed in the shadows of the landmark One Canada Square tower.

The timing was perfect for the California-based company, which launched its first right-hand drive vehicles last Saturday. Elon Musk, the company's chief executive and the co-founder of online payment system PayPal, came to Britain to deliver the first five vehicles himself.

Tesla's fully electric Model S, which starts at 50,280 pounds ($84,400), reaches 60 miles per hour in just over 4 seconds. It can travel 312 miles before needing to be recharged.   Continued...