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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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<blockquote data-quote="Weather Man" data-source="post: 16469699" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Tesla -4% with South Korea considering EV incentive change</strong></span></p><p>Aug. 10, 2020 11:06 AM ET|About: <a href="https://seekingalpha.com/symbol/HYMLF" target="_blank">Hyundai Motor Company (HYMLF)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>The South Korean government is considering <a href="https://electrek.co/2020/08/10/tesla-cut-out-korean-ev-incentive/" target="_blank">cutting</a> Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) right out of its incentive programs by boosting the price threshold for electric cars to qualify for the incentives, reports Electrek.</p><p></p><p>"Tesla had so much demand that it reportedly accounted for almost half of the near $200 million in incentives the country issued during the first half of the year," notes Fred Lambert.</p><p></p><p>Lambert reminds that the Hyundai-Kia (<a href="https://seekingalpha.com/symbol/HYMLF" target="_blank">OTCPK:HYMLF</a>) powerhouse has a lot of power in South Korea and no entries in the luxury EV market yet.</p><p></p><p>Shares of Tesla are down 4.42% on the day. Earlier in the day in Asia, Chinese EV player Xpeng <a href="https://electrek.co/2020/08/10/tesla-cut-out-korean-ev-incentive/" target="_blank">filed</a> for an IPO in the U.S.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16469699, member: 137766"] [size=6][b]Tesla -4% with South Korea considering EV incentive change[/b][/size] Aug. 10, 2020 11:06 AM ET|About: [URL='https://seekingalpha.com/symbol/HYMLF']Hyundai Motor Company (HYMLF)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor The South Korean government is considering [URL='https://electrek.co/2020/08/10/tesla-cut-out-korean-ev-incentive/']cutting[/URL] Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) right out of its incentive programs by boosting the price threshold for electric cars to qualify for the incentives, reports Electrek. "Tesla had so much demand that it reportedly accounted for almost half of the near $200 million in incentives the country issued during the first half of the year," notes Fred Lambert. Lambert reminds that the Hyundai-Kia ([URL='https://seekingalpha.com/symbol/HYMLF']OTCPK:HYMLF[/URL]) powerhouse has a lot of power in South Korea and no entries in the luxury EV market yet. Shares of Tesla are down 4.42% on the day. Earlier in the day in Asia, Chinese EV player Xpeng [URL='https://electrek.co/2020/08/10/tesla-cut-out-korean-ev-incentive/']filed[/URL] for an IPO in the U.S. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
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