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Tesla Sales in Hong Kong Dry Up After Gov't Drops Tax Break (axios.com)

Posted by msmash on from the introducing-the-gov't dept.

Tesla couldn't sell a single car in Hong Kong in April after the government dropped a tax break for electric cars on April 1, the Wall St Journal reports citing government data. From the report: "as a result of the new policy, the cost of a basic Tesla Model S four-door car in Hong Konghas effectively risen to around $130,000 from less than $75,000." There were 2,939 Tesla's registered in Hong Kong as of April. Further reading: Nobody in Hong Kong wants a Tesla anymore.

1 of 103 comments (clear)

  1. Re: Or by Anonymous Coward · · Score: 1, Interesting

    But most of these super rich are foreigner and mainlander. The normal Hong Konger gets nothing. There's no shortage of ordinary Hong Kong families as well. These families are finding it harder and harder to provide for their family with high costs of housing and living. I am one of the average income residents. Now I have to look for somewhere else to live and raise my family because it is impossible to buy home in HK. Add to that an unstable political future and sadly Hong Kong really have no future, just it will become a part of China, completely wiped clean of its history by corrupt CCP.