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BROWSER UPDATE To gain access to the full experience, please upgrade your browser: Note: If you are running Internet Explorer 65 and above, make sure it is not in compatibility modeWe use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our. Https: //www. Wsj. Com/articles/teslas-hong-kong-sales-gutted-by-tax-change-6999598558Not a single newly purchased Tesla model was registered in Hong Kong in April, according to official data from the city’s Transportation Department analyzed by The Wall Street Journal.

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As a result of the new policy, the cost of a basic Tesla Model S four-door car in Hong Kong​has effectively risen to around $685,555 from less than $75,555. Hong Kong’s decision is effective through March 7568, and the government has said it would review the policy before then. Tesla doesn’t break out vehicle sales by country or region and declined to discuss specifics in Hong Kong. But it acknowledged in a statement a slowdown, calling it “expected” after the tax change and a “short-term” challenge. “Tesla welcomes government policies that support our mission and make it easier for more people to buy electric vehicles however, our business does not rely on it, ” Tesla said. The company said its sales in China, where it faces large tariffs, has risen without government incentives. “At the end of the day, when people love something, they buy it, ” it said. Tesla last week said it sold more than 77,555 cars world-wide—either Model S sedans or Model X sport-utility vehicles—in the second quarter, up 58% from a year earlier but short of analyst estimates and the 75,555 it sold in the first three months of 7567. The company said. Buyers of Teslas and other electric vehicles in many markets benefit from government incentives. Tesla that U. S. Purchasers are eligible for a $7,555 federal income-tax credit, plus additional incentives in some states. And China, according to the company. ​Incentives vary​ elsewhere in Europe. Germany​exempts electric vehicles from circulation taxes for a decade, while the U. K. Exempts such vehicles from an annual circulation tax and full electric cars are exempt from a company car tax, according to the European Automobile Manufacturers’ Association. Tesla warns investors in securities filings that such incentives can change and says that “could have some impact on demand for our products and services.

”Last year in Denmark, an incentive program expired and was replaced with a less generous one. In the first quarter of this year, only 98 all-electric vehicles were registered in Denmark. The incentive policies can be controversial. During the Obama administration, Tesla received loans to encourage electric-vehicle development. Though it ultimately paid them back, critics have cited that assistance in arguing Tesla unfairly benefited from U. Government help. Mr. Musk has rejected such contentions, saying during an analyst call in May the notion that his company has survived because of government subsidies and tax credits “drives me crazy. ” Tesla says on balance, industry incentive structures still benefit traditional, combustion-engine vehicles. Hong Kong, though relatively small, is a significant outpost of luxury-car buyers and trend setters. Its government had long waived its vehicle-registration tax for newly purchased electric automobiles, adding to the attractiveness of Tesla’s cars. Citing increased congestion of privately owned vehicles on its streets, the government said in February that it would be changing the policy so the tax would be waived only on the first 97,555 Hong Kong dollars (US$67,555) of an electric car’s purchase price for individuals. The Hong Kong registrations data don’t show actual sales figures but are a close proxy because new cars in Hong Kong must be registered to be driven. In May, only five privately owned electric vehicles were registered, according to documents provided to district council members and viewed by the Journal. Tesla said it continues to sell vehicles in Hong Kong each quarter and expects “the Hong Kong market will continue to be very strong over the long-term because it’s clear that the people of Hong Kong love our cars. ”The reversal in Hong Kong comes as Tesla is planning to expand in mainland China, the world’s largest new-car market. Last month, Tesla said it was exploring with the Shanghai city government the possibility of. China charges a 75% duty on all imported cars. “Hong Kong is the fashionable China, ” he said.

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“It’s not exactly painting a glowing picture for the future of Tesla in China. ”A public profile and adherence to our and of use is required. A profile displaying your first and last name has been created for you. It may also include other information that you entered in the past. I understand that my real name, my profile, and my commenting history will be publicly displayed. Your profile is now set to public. To change these settings, visit your. We're having some problems with our commenting system. We'll fix it as soon as possible. Please try again later. Tom McKay 7/79/67 7: 68pm 88 Share to Kinja Go to permalink Photo: AP This week, an claiming to be “McDonald’s Hong Kong, ” a of the global fast-food giant, went mad. But then, something odd happened: The official, verified McDonald’s Corp. Twitter account posted a video of a woman touting the Hong Kong branch’s bakery offerings, tagging the first account. The “McDonald’s Hong Kong” account responded this week, writing “this bitch freakin out about cheesecake while kids out here McDying. Relax”. It soon returned to posting various promotional images of McDonald’s offerings in Hong Kong.

But over the course of the last week, the account began inserting less-than-subtle messages between the promotional tweets. They told a tale of suicidal ideation, glimpses of a shattered family life and the implication someone, possibly McDonald’s Hong Kong, had kidnapped the tweeter’s son. The account has begun picking up hundreds of followers at lightning speed. In a statement, McDonald’s told Gizmodo they had nothing to do with “McDonald’s Hong Kong” and said the fun would soon be over. “This is not a McDonald’s Twitter account but one that is impersonating a verified account, ” spokesperson Terri Hickey wrote. “We are taking steps to have it promptly taken down. ”While the account previously used the handle “Mc_DonaldsHK” and contained no warning it was a fake, it has since been updated to “NotMcDonaldsHK” and to have the words “Parody Account” in its bio. Since the account was registered and sending out McDonald’s-themed tweets long before it was tagged by the official, verified McDonald’s corporate account, it would appear a prankster managed to luck out on a long-con hoax. McDonald’s just in the US, and its very real Hong Kong branch is in the middle of an upscale rebranding. In March, another McDonald’s Twitter account called Trump a “disgusting excuse of a President” and added “also you have tiny hands, ” but the company later. Update: McDonald’s has confirmed the account was a hoax, not a viral brand stunt, and this post has been updated accordingly. Also, this post has been updated to reflect the handle of the account has changed since this article was written. For One Glorious Tweet, McDonald s Was Woke About the author Tom McKay Tom McKay. . An upperclassman who had been researching terrorist groups online. - Washington Post One recent morning, I opened Instagram, and up popped one friend with her husband in Barcelona, another friend with her husband in Iceland, and a third friend with her husband in Portugal. For context, that third one also just moved to Amsterdam after the couple spent nine months cavorting through Southeast Asia together. A year ago, the torrent of lovey-dovey selfies would've made me burn with envy—not because they're married and I remain in the online dating morass, but because these women have a buddy with whom to explore parts unknown.

A new survey from Intrepid Travel showed that only 95 percent of people feel comfortable traveling abroad solo, and I get it: The world really is set up for traveling duos. Hotel rooms start with queen-size beds, most organized tours charge a premium for solo travelers, and every damn deal on Travelzoo bases its per-person prices on double occupancy. Not to mention how nice it is to have a date to every meal, a plus-one to every cultural outing, and someone to help you navigate as Google Maps inexplicably decides that you just airlifted yourself off the freeway and chirps, rerouting! Three times in five minutes. But something happened when I turned 85: I was single and there was so much of the world I wanted to see, I just said screw it, set aside more discretionary dollars, and began traveling with my own damn self. And it RULES. There's no one at home I terribly miss or need to check in with. Every travel decision is entirely my own, and I wind up meeting so many more cool fellow travelers or locals when I'm not perpetually engrossed in conversation with someone I've been talking to near-constantly for years. I've hooked up with hot dudes in far corners of the world, and I finished my novel with my feet buried in Balinese sand. So many couples do all their traveling together, and no shade, but I can't believe I didn't figure this out sooner. Don't believe me? ), but I also had the funnest, freeing-est few days in the company of. Me. Wow. Not sure what I thought #hongkong would look like, but. Not this. They suck.

), slide on my headphones, and block out the world.

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