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The cost of a Tesla is about to rocket in Hong Kong

Global Markets

The cost of a Tesla is about to rocket in Hong Kong

Bloomberg Published on Fri, Mar 31, 2017 / 7:25 AM GMT+8

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HONG KONG (March 31): 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%.

Now Zhang, 45, is so hooked on the Tesla he doesn’t pay attention to the rest of his luxury fleet.

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The cost of a Tesla is about to rocket in Hong Kong

Global Markets

The cost of a Tesla is about to rocket in Hong Kong

Primary tabs

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The cost of a Tesla is about to rocket in Hong Kong

Global Markets

The cost of a Tesla is about to rocket in Hong Kong

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