Tesla Motors Inc (NASDAQ:TSLA) said today that the starting prices for its Model S sedan will range from HK$579,000 for the 60 kilowatt-hour model up to HK$657,000, according to the South China Morning Post. The ultra-high-high end Performance 85 package will begin at HK$761,800.
Tesla’s Hong Kong pricing is cheaper
Late last month, Tesla Motors Inc (NASDAQ:TSLA) revealed the prices for its Model S in mainland China, and Hong Kong’s prices are significantly cheaper. The 85 kilowatt-hour model in mainland China starts out at HK$941,000. There are also shipping costs and imported car taxes adding up to about HK$284,685.
Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%. Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More
The automaker said the reason prices are so much higher in mainland China is because of the high taxes and customs charges. Without those charges, the Model S is priced the same as it is in the U.S. Nonetheless, Tesla Motors Inc (NASDAQ:TSLA) said it could charge twice as much in China as it does in the U.S., which would go along with “industry practices.” However, it chose not to do so.