VW electric car sales plunge: Why are Europeans returning to petrol?
April 11, 2024
By Angela Barnes Sales of Volkswagen electric vehicles in Europe fell by almost a quarter in the first three...
Tesla Model S Early Orders In Hong Kong Strong, Says CompanyTesla Model S Early Orders In Hong Kong Strong, Says Company
An inordinate quantity of the internet’s exotic car pictures seem to originate from Hong Kong. People certainly appreciate their fancy cars over there, that’s for sure.
That may explain why, despite the city’s slow electric car sales up until now, orders for the Tesla Model S electric sedan are going through the roof.
As Bloomberg reports, Tesla Motors [NSDQ:TSLA] says it’s received hundreds of orders for the Model S in Hong Kong–amazingly, enough to double the number of electric cars in the city.
Hong Kong’s Transport Department has 303 registered electric vehicles on its books, so Tesla may have at least that many orders in the city. That’s despite the car’s pricing not yet being announced–something buyers should expect within the next couple of months.
The announcement caused an increase in Tesla’s share price, closing 4.2 percent higher on Friday at $120.09.
Those few hundred cars should help Tesla in its goals to reach 21,000 worldwide sales this year. The automaker revealed back in March it was making and delivering around 500 cars per week, and its first-quarter sales were higher than the luxury models of some established brands.
Deliveries are due to commence in Europe in the next few months too, helping to meet that 21,000 target.
Looks like it won’t be long until some of those exotic car pictures have a Model S in the frame…
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