A second-generation Tesla Model S sedan is on the way to Hong Kong with a price tag of HK$20,000 ($2,500) with guaranteed second-hands, a manufacturer’s spokesperson said Tuesday.
Tesla CEO Elon Musk’s announcement on Tuesday that the Model S would be available to buy for HK$10,000 on December 1 also guaranteed that it would be a second-gen model.
It also comes just days after the car maker said it would launch a limited production of Model S sedans at the end of this year.
The second-year Model S is a new design that was inspired by the SUV the Model X crossover was designed to compete against.
However, Musk says the Model 3 will be the flagship model, and the Model Y will be an incremental upgrade.
On Monday, Tesla announced it would begin selling cars in Singapore in 2018 and would start selling in the United States in 2021.
Its latest offering in Hong Kong comes just weeks after the company announced a “secret deal” with the government to lease its manufacturing facility in Shanghai to help meet its growth goals in the Chinese market.
“The first-gen Tesla Model 3 and Model Y cars are on the road in Hong kong and Singapore,” the company said.
This is the second Tesla Model III to arrive in Hong Kong after the first, which was delivered to the Chinese capital last month.
A third Model III is also set to arrive by the end and will have a lower price tag.
According to a spokesperson for Tesla, it would have the capacity to produce 2,000 cars per month and could sell about 3,000 vehicles a month.