The Cost of a Tesla Is About to Rocket in Hong Kong
- Costs of new EVs set to soar April 1 as tax exemption expires
- Tesla says policy ‘threatens to move Hong Kong backwards’
Tesla Raises Cash for Model 3 Launch
Calvin Zhang was getting tired of his Maserati. The Italian sports car spent too much time with the mechanic and guzzled too much gasoline.
That bothered the Hong Kong investment banker, who’s also a trustee for the local World Wide Fund for Nature branch. So he replaced his Maserati with a Tesla Inc. Model S, capitalizing on a law exempting electric vehicles from a tax on the purchase price that can reach 115 percent.