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HK Model S sold >500

Discussion in 'TSLA Investor Discussions' started by ck1116, Jun 7, 2014.

  1. ck1116

    ck1116 Member

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    Model S is expecting to start delivery at HK around late June. Currently ordered between 500-600.

    There are huge demand for Model S at HK, price is similar to BMW 5 or Benz E class here. Affordable for most middle class.
     
  2. TD1

    TD1 Member

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    I thought Hk has around 180% importtax on ICE cars, vs. 0% importtax for EVs, how can the Model S have the same price as an BMW 5.
    I thougt its around the Ford Focus level.
     
  3. SteveG3

    SteveG3 Active Member

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    ck1116, I know there are some countries where the large size of the car could create issues with narrow streets and/or small assigned parking in apartment buildings. are there any such issues in HK?
     
  4. markwj

    markwj Moderator, Asia Pacific

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    No import tax, but vehicles are subject to a first registration tax on a sliding scale 40% to 115%.

    Here is an earlier comparison:

    Are we expecting a flood of Model S in HK?
     
  5. ck1116

    ck1116 Member

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    Both BMW 5 series and Tesla Model S priced from HK$ 600,000 or above. But Model S is in fact much better in many aspects; so if prospect drivers tested both cars, they are very likely to choose Model S.

    - - - Updated - - -

    I have test drive Model S, and it feels like drive BMW 5 more than Benz S class. In specification, it maybe a little wider than Benz S, but Tesla feels smaller when looking and driving.

    And as so many Benz S class around and without problems for most car parks and streets, it won't be a problem for Tesla S too.

    I believe demand of Model S in HK may similar to Norway; if Tesla can supply enough.

     
  6. maoing

    maoing Active Member

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    ck1116:

    What's the annual sales number for BMW 5/7 and Benz E/S in Hongkong? Is home charging an issue for the affordable buyers, i.e. do they usually own dedicated parking space?

    Thanks

     
  7. ck1116

    ck1116 Member

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    #7 ck1116, Jun 7, 2014
    Last edited: Jun 7, 2014
    If I remember correctly, BMW 5/7 + BENZ E/S sold over 5000 last year.
    S400 from HK$ 1.5 million, S500 is about HK$ 2 million, average car park less thank HK$ 0.5 million.
    Buy P85+ plus a car park should be similar with Benz S. But remember car park price normally go up in long term; S class depreciation is super fast.

     
  8. maoing

    maoing Active Member

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    #8 maoing, Jun 7, 2014
    Last edited: Jun 8, 2014
    WoW, good point. Thanks for the feedback.

    Btw, I think Hong Kong market should be more successful than Beijing/Shanghai for below reasons:
    1. higher income level
    2. restricted driving range, so no range anxiety at all
    3. much cheaper or more competitive pricing due to import tax exemption for EV

     
  9. markwj

    markwj Moderator, Asia Pacific

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    I really think the _only_ thing holding back Hong Kong now is charging at home/office. If everyone could easily install a wall connector on-demand, then Tesla (and other EVs) would soar here.
     
  10. 32no

    32no Member

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    Didn't Tesla have 300 or so orders in July of 2013? I would expect a much larger backlog by now. Where did you get the 500-600 number? Store representative?
     
  11. ck1116

    ck1116 Member

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    500-600 is confirmed order, from a Tesla representative.

    - - - Updated - - -

    According to their representative, they will talk to our house management offices to arrange installation; estimate cost a few thousand HKD, so should be US$ 500-1000 only, each parking space will has individual electric meter. and estimate electricity cost only HK$ 0.2/km, maximum 0.3/km. My ML350 is HK$ 2.x/km.

    - - - Updated - - -

    new order estimate to deliver around Oct-Nov 2014
     
  12. SteveG3

    SteveG3 Active Member

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    thanks ck, hadn't realized HK had this kind of potential.
     
  13. ck1116

    ck1116 Member

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    Yes, EV is very suitable for Hong Kong; if with proper marketing and government push; it may have the fastest EV adaptation rate in the world.

     

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