Both are Teslas, both are fully electric, but why is the Model Y selling so much better than the Model 3 in Hong Kong?

Both the Tesla Model 3 and BYD Seal are popular electric saloons in the Hong Kong market, each featuring a rear-wheel-drive and five-seat layout. The two cars are quite different in price and size, while their claimed range is almost identical. So how do they compare?

Tesla has listed a new entry-level Model 3 Rear-Wheel Drive on its Hong Kong and Macau websites. In Hong Kong, it starts at HK$205,000 before tax, while Macau pricing starts from MOP252,000.

Comparing the May 2026 private car registration data in Hong Kong with May 2025, the brands showing the most impressive growth in the local car market are exclusively electric vehicle (EV) brands, proving that the new growth momentum in Hong Kong's new car market is still dominated by EVs.

According to the latest data from the China Passenger Car Association, the Tesla Gigafactory in Shanghai delivered more than 85,000 vehicles in May, setting a new single-month record for 2026, representing a 39.4% year-on-year increase and an 8% month-on-month rise. The Shanghai facility serves as Tesla's primary global export hub, accounting for over half of the group's total vehicle deliveries,