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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.

2 of 103 comments (clear)

  1. Or by Anonymous Coward · · Score: 5, Insightful

    Everyone who wanted one in the short term snapped them up right before the tax went into effect.

  2. It is range anxiety! by 140Mandak262Jamuna · · Score: 5, Funny

    Most Hong Kong residents would not buy a car unless it can go completely across the entire country at least five times in one full charge or full tank of gas. No way Tesla could do it. Tesla might sell in a small place like USA but on a large country like Hong Kong, no way it would sell.

    --
    sed -e 's/Chuck Norris/Rajnikant/g' joke > fact