Tesla Reveals Hong Kong Pricing For Model S

Tesla Reveals Hong Kong Pricing For Model S
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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.

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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.</