Hong Kong

Government officials in Hong Kong have eliminated a popular tax exemption that made electric vehicles much cheaper to buy than comparable gasoline-powered models. Now Tesla worries it could take the brunt of the blowback. The loophole helped make Hong Kong one of the biggest overseas markets for the Silicon Valley carmaker's luxury electric cars. DON’T MISS: Tesla delivered 25,000 electric cars in Q1 2017, plus or minus Before the exemption expired on April 1, the Model S carried a base price of 570,500 Hong Kong dollars (about $73,400). That’s about on par with the sedan’s...