Tesla sales screech to a halt in Hong Kong

Registrations fall from 3,000 to single digits after end of full tax break. Tesla is skidding in Hong Kong, where city authorities earlier this year slashed tax incentives on purchases of new electric vehicles. The cars were once eligible for full exemptions but now come with a tax break up to only 97,500 Hong Kong dollars ($12,488). This means Tesla’s Model 3 sedan now costs over $120,000, nearly 80% more than it did with the total exemption. Source Asian Review