Hong Kongers Can Win A Tesla In Lottery For Getting Vaccinated

Hong Kong residents stand to win a vehicle made by Tesla Inc TSLA in a lottery aimed at boosting the city’s sluggish COVID-19 vaccination rate, Bloomberg reported Tuesday.

What Happened: Goodman Group GMGSF, an Australian industrial property company, is also holding a lottery which will give away HKD 1 million (nearly $128,880) in prizes to fully vaccinated Hong Kong residents by Aug. 31. The prizes include a Tesla Model 3, as per a Goodman statement, reported by Bloomberg. 

See Also: How to Invest in Tesla Stock

Also on offer is an HKD 20 million ($2.6 million) bonanza that was announced by billionaire Li Ka-Shing's CK Group in conjunction with his charitable foundation, as per Bloomberg.

Why It Matters: A slew of incentives worth HKD 120 million ($15.46 million), which include lotteries and reward programs, are available to Hong Kong residents, said the city’s Chief Executive Carrie Lam in a weekly briefing, reported Bloomberg.

See Also: Doctor Offers A Chance To Win A Tesla After COVID-19 Vaccination

Only 15.1% of Hong Kong’s 7.5 million population has reportedly been fully vaccinated.

The incentives are working as 34,600 people reserved slots to get vaccinations made by BioNTech SE BNTX and China’s Sinovac Biotech Ltd in the 24-hours leading up to Tuesday evening (local time), reported Bloomberg.

Price Action: On Tuesday, TSLA shares closed 0.25% lower at $603.59 in the regular session and fell another 0.35% in the after-hours trading.

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