If you’re a Chinese citizen who owns no stock in Tesla Motors Inc (NASDAQ:TSLA) but is debating the merits of purchasing one of the most exciting car since Steve McQueen’s car from Bullitt, there was still something to take note of during the company’s most recent earnings call.
Tesla Motors Inc (NASDAQ:TSLA) mentioned to investors that the Shanghai government has chosen to exempt the Model S from license plate auctions that can often cost car owners up to $15,000. The Shanghai “lottery” for vehicle registrations was recently explored with some humor by Jalopnik.com.
Dov Gertzulin's DG Capital has had a rough start to the year. According to a copy of the firm's second-quarter investor update, which highlights the performance figures for its two main strategies, the flagship value strategy and the concentrated strategy, during the first half of 2022, both funds have underperformed their benchmarks this year. The Read More
Shanghai is among a handful of Chinese cities that puts quotas on new car registrations in and effort to stem both traffic and pollution. The fact that the Model S is an emission free car has apparently given Tesla Motors Inc (NASDAQ:TSLA) a boost by allowing new buyers to skip a major cost to car ownership. Both Shanghai and Beijing were sewn in by some of the worst air pollution either city has ever seen.
Registration restriction “helps” foreign-made cars
In the traffic choked city of Shanghai there is something that stands out amongst the millions of cars that fill its streets, 9 out 10 the cars are foreign-made. The citizens of Shanghai bask in luxury and Tesla Motors Inc (NASDAQ:TSLA) and others certainly fit the bill. With the money made in the city in the last 20 years, millions can afford a car and the Shanghai government felt it had to act by restricting registrations