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Hong Kong Model S Pricing

Discussion in 'Hong Kong' started by markwj, Aug 15, 2012.

  1. markwj

    markwj Moderator, Asia Pacific

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    Happy to see the Canadian pricing has been released as base + local mods + duties + shipping x exchange rate average. I had heard rumors of this, and it is fantastic to see the first international pricing come out.

    By comparison, for the Roadster, here in Hong Kong we were hit with +20% above US prices (no tax or import duties for EVs here). Other EVs are marked up 30%+. Seeing the Canadian prices really gives me hope that Tesla will keep things reasonable.

    A base Model S here for HK$500k would be cool and really help adoption. Leafs are HK$418k, by comparison.
     
  2. ekwng

    ekwng Member

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    Oh..Good to hear that!

    Leaf is a nice little EV but with a whopping price tag of HK$418k!! OMG!!

    The way I see it, if you're gonna switch to EV and help save our planet, why not do it with some style?

    If Tesla HK get their pricing strategy right, and the Government get their act together to push for more EV support, Model S would be a big hit here, it fits so well in HK. (I'm a bit worried about Model X's gull wing...)
     
  3. moarfish

    moarfish Member

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    I do agree the Nissan Leaf in Hong Kong is way too overpriced. I have test drive it in Science Park. It is a good car I have to admit but I immediately lost my interest when I heard the price tag.

    We've got no import tax for EV so I think it is the dealer who set the price too aggressively.

    I think Model S would be very successful in Hong Kong but I cannot afford one at the moment. I've bought a few hundred shares of TSLA thru...
     
  4. markwj

    markwj Moderator, Asia Pacific

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    Another worry I have about the car for Hong Kong is its sheer size. This is a big car, and our car parks and parking spaces are relatively small.

    Same concern for the Model X with its falcon doors - car parks here have 1.8m ceilings.

    Is the size of the car an issue for other Hong Kong buyers?
     
  5. KingKitega

    KingKitega Member

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    Hi markwj - at 77 inches wide, it's wider than the Alphard and S-class! The only car that's comparable is the ginormous Q7, and not many car parks can accept that here...
     
  6. markwj

    markwj Moderator, Asia Pacific

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    :scared:
     
  7. markwj

    markwj Moderator, Asia Pacific

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    I checked against my wife's Nissan 7 seater, which the S will replace for us.

    S is 77.3" wide, 196.0" long. Mirrors add 4.45" each side. Turning circle is 37'.
    Nissan is 73.5" wide, 198.5" long. Mirrors add 5.5" each side (auto-folding). Turning circle is 38.5'.
    Alphard is 74.5" wide, 198" long. Turning circle is 38.5'.
    Q7 is 78.1" wide, 200.3" long. Turning circle is 39.4'.

    Not sure how much difference that extra 4" is going to make. The auto-folding mirrors will be an issue. Turning circle looks good, and that will help.
     
  8. moarfish

    moarfish Member

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    I am driving a Hyundai H1 which is 75.6" wide already gives me lots of trouble entering some of the Car Park in Hong Kong. I would not consider buying it if it is 77.3". I would re-consider if the Model S comes with a 360 degree all view camera for me to park. I think I would wait for the smaller Gen III car which fits me better. I would love to see a four seater Coupe version of it!
     
  9. markwj

    markwj Moderator, Asia Pacific

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    #9 markwj, Dec 26, 2012
    Last edited: Dec 26, 2012
    Now that we have European and Canadian pricing, I did some projections for Hong Kong.

    Just projections, but based on an exchange rate of HK$7.85 to US$1.00 (worst case - the high end of the peg), US$4,000 for freight (based on what we know of the roadster, plus a bit for the size of this car), US$150 for registration documents, and -US$2,500 early bird discount (from new pricing), I get:

    Base 40kWh (if offered): HK$483,168
    Base 60kWh: HK$530,268
    Base 85kWh: HK$607,590

    Options would be just US price x 7.85.

    Bringing in the base 40kWh Model S at under HK$500k would be an amazing psychological price point (like the <US$50k base price in USA).

    My config:
    - 60kWh base: HK$530,268
    - Panaromic Sunroof: HK$11,775
    - Nappa Leather: HK$11,775
    - Tech Package: HK$29,438
    - Active Air Suspension: HK$11,775
    - Rear Facing Seats: HK$11,775
    for a total of HK$606,805.

    For anyone that wants to play with the numbers themselves, the spreadsheet I used is up at:

    https://dl.dropbox.com/u/12782349/HongKong_PricingProjections.xlsx
     
  10. svenus

    svenus New Member

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    I am doing a research on the car parks where I usually drop by. When I saw an X6/Q7 I suppose the MS would be fine. I still do not have 100% confidence handling big car of this size. Yes the size will definitely an issue: I am afraid garage of mine can hardly fit the MS nicely.
     
  11. markwj

    markwj Moderator, Asia Pacific

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    Welcome to the forums! Good to see more Hong Kong owners turning up here :)

    My wife did an interesting thing on our test drive. The car was in Cyberport, in the loading bay. Rather than back out (easy), she chose to do a 3 point turn (harder, but she did it on purpose to see how the car behaved in a car park). It wasn't too bad. The visibility was good, rear camera worked well, and turning circle excellent.

    I think for Hong Kong, the size is big but ok for the places I go. But, to address these concerns they really need to add (a) parking sensors, and (b) folding wing mirrors.
     
  12. waidy

    waidy Member

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    Does Hong Kong government plan to support EVs in Hong Kong? For example: No/reduced import tax/duty, charging infrastructure, incentives, etc. etc.
     
  13. markwj

    markwj Moderator, Asia Pacific

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    Yes. Incentives are currently:

    Charging infrastructure (1,000 sockets, so far)
    Free charging (for the moment)
    0% First Registration Tax (the big one - tax for ICE cars is upwards of 100%)
    Reduced yearly license fees
     
  14. moarfish

    moarfish Member

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    Yesterday South China Morning Post say that the selling price would be $600,000 to more than one million. That's a bit more expensive than what I expected.
     
  15. waidy

    waidy Member

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    Looks like this is yet another HK government incentive, that the registration tax of HK$600K will be waived. I personally own a S85 (model S 85kWh battery pack), but never was told that the battery pack needs to replaced after 8 years.

    By the way, the article does not mention the price for Hong Kong Model S (or at least I didn't see it).
     
  16. kvietor

    kvietor Model S S280 VIN 168

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    I don't believe Tesla ever said a battery replacement was required at 8 years, only that the warranty for it is 8 years and unlimited miles (on the 85 kWh). Replacement will depend on what your needs are on remaining battery miles. I would expect about 20 to 30% degradation after 8 years, but that really depends on how many charging cycles have been placed on the pack. I recall Elon mentioning in an interview that he expects the battery to last twice that long (16 years)
     
  17. markwj

    markwj Moderator, Asia Pacific

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    See earlier in this thread:
    Hong Kong Model S Pricing

    Those are my estimates, based on what has been 'promised' (http://www.teslamotors.com/en_HK/blog/model-s-european-pricing):

    It should be US price (without incentives) x reasonable exchange rate + transport + minor business expenses. No VAT. No import tax.

    I can't see the figure of 'one million' quoted in the SCMP article (Tesla Model S comes to town | South China Morning Post), only:

    The Tattler article (Test Drive: Tesla Model S | Motoring | HongKongTatler.com ) mentions the HK$600,000 figure again:

    ... but, newspapers get things wrong.

    It is still wait and see...
     
  18. moarfish

    moarfish Member

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    #18 moarfish, Jan 15, 2013
    Last edited: Jan 15, 2013
    This is what told by Apple Daily Yesterday.

    Yes, I know Apple Daily usually gives inaccurate data.

    and this is what Singtao told on 12/1

    It said the price for the entry model S will be HK$600,000 to HK$700,000.
     
  19. stopcrazypp

    stopcrazypp Well-Known Member

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    Most likely the reporter ASSumed that the battery pack will drop dead exactly when the warranty ends in 8 years, when in reality it'll likely still hold about 70-80% charge. Some people may want a replacement at that point (which is what Tesla's battery replacement program is for), but I think most people can live with slightly diminished range.
     
  20. DITB

    DITB Charged.hk co-founder

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    Even with the shorter driving distances of HK, and all the charging stations, I will still want to pay the 70K difference between the 60/85 battery.

    Somehow ... I think the prices will be higher, though.

    How about AWD - if it comes as an option on the Model S - would anyone go for it? Not many off-road places in HK, and snow is not really ... an issue.


    For me - the real concern is what will come first: My Tesla model S, or the end of the FRT waiver.
     

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