Tesla Threatens To Shutter Hong Kong Operations Unless City Revives EV Tax Waiver

[Frank Cannon]

https://www.zerohedge.com/news/2018-02-05/tesla-threatens-shutter-hong-kong-operations-unless-city-revives-ev-tax-waiver

Tesla is deeply indebted to the US government, and the governments of many European nations, that have helped bolster sales of electric vehicles with attractive tax incentives. The importance of these handouts to Tesla's bottom line cannot be understated, as investors reminded us back in November, when reports that the GOP tax plan would eliminate the US electric-car credit sent Tesla shares spiraling to their worst daily drop ever, a day after the company announced its worst quarterly performance history (Tesla will report results for the October through December period later this week).

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 â€œWithout government support, who is ­willing to invest in green technology?”