Tesla Sales In Hong Kong Fell To Zero Without Government Subsidies

tesla sales fall to zero in hong kong without government subsidies

Without Government Subsidies, Tesla Sales In Hong Kong Fall To Zero

If you need proof that government subsidies are the only thing propping up the green energy industry, look no further than Hong Kong.

As reported by the Wall Street Journal, newly registered Tesla cars in Hong Kong fell from from 3000 in March, to 0 in April.


Because Hong Kong stopped providing massive tax breaks to people buying Tesla vehicles.  In fact, in April the price of the Tesla Model S four-door car rose from $75,000 to $130,000—a giant 60% increase.

So much for Tesla’s dream of “affordable” electric cars.

Without government subsidies that make their vehicles affordable, Tesla is finished.  Even with subsidies, they still manage to lose $13,000 on every car they sell.

Government subsidies keep the green energy industry competitive. Period.

The worst part is that electric cars don’t do much for the environment either.  The amount of carbon “saved” by electric vehicles is valued at around $35.  The below video makes the point nicely.

Of course, it’s not just Tesla.  The entire green industry relies upon government subsidies.  Anyone else remember Solyndra?

Hong Kong provides an important lesson to people that think investing in green energy is a good idea: after over a decade in the market and billions invested in research, Tesla still isn’t profitable without taxpayer money.

Green energy is simply a wealth redistribution scheme.  When will people learn that throwing money at problems (a form of political iatrogenics) doesn’t work.

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2 Comments on "Tesla Sales In Hong Kong Fell To Zero Without Government Subsidies"

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Garbage, but I guess this is a right-wacko site… You probably would have been against the early internet R&D during its first decade or two, too.

Oh an FYI, taxes are an income redistribution scheme, with way too much going to the military. Why are you so scared and hate America?

Spencer P Morrison

Tesla has been in business for 14 years, and still can’t find a way to make money. It only exists because it’s the government’s pet-project—make no mistake.

There’s nothing “right wing” about not wanting billions of taxpayer dollars to prop up failing companies with failing business models. Consider that companies like Ford or Volvo make electric & hybrid vehicles without government subsidies.

Tesla is, simply put, junk. Elon Musk is a welfare billionaire.

Bringing up the military is a complete non sequitur, but I agree, it wastes a lot of money. Not that that’s here nor there.