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July 10, 2017 10:00 pm

Tesla Sales in Hong Kong Dry Up After Gov't Drops Tax Break

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.

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/DSMuLXs3p5I/tesla-sales-in-hong-kong-dry-up-after-govt-drops-tax-break

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