Tesla caused a stir in Hong Kong and Macau: it launched an entry-level version of the Model 3. It’s priced at HK$205,000 in Hong Kong, which comes to over RMB 170,000. This price is even cheaper than in mainland China, but they said they don’t plan to consider the mainland for now.
What does that mean? It’s like: I’ll sell it cheaper, but I won’t sell it to you. With this move—mainland brothers—are you jealous?
Even more interesting: on the day US stocks tumbled yesterday, Tesla actually rose nearly 5% against the trend, the best performer in the Nasdaq. It’s probably like: you fall, you do your thing, I rise, I do mine—because who do I have? Musk. $TSLA