Tesla’s ‘guarantee’ for second hand-priced car price

The company is offering a guaranteed second hand price to anyone who buys an electric car in Hong Kong, with a minimum of HK$1,000 (US$1.15) per kilometre.

The HK$10,000 ($2,500) price will be automatically applied to any purchase of the Model 3 or Model X SUV.

The guarantee was unveiled on the company’s website, with the HK$7,000 price being automatically added to the buyer’s HK$20,000 credit.

“We know how important it is for people to own and use electric vehicles and we want to offer the best deal for everyone, with our guarantee,” said Tesla chief executive Elon Musk in a statement.

Hong Kong residents have until March 10 to buy an electric vehicle and there are also a host of other incentives to attract people into the market, such as discounts on monthly electricity bills.

The company has also extended the “guarantees” for an additional 30 days, while the offer will be valid for two years.

The Hong Kong government has said that it is not interested in introducing a full-blown price cap on the local market, but that it will be “open for discussion”.

The new HK$5,000 HK$100 HK$300 HK$500 HK$2,000 for first-time buyers and up to HK$3,000 per kilometer, will be available for first deliveries in 2020.