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Korea fines Tesla $2.2 million : stocks

by Index Investing News
January 5, 2023
in Stocks
Reading Time: 1 min read
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https://www.reuters.com/article/southkorea-tesla-idCAKBN2TI02Y

The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the “driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers” on its official local website since August 2019 until recently.

The driving range of the U.S. EV manufacturer’s cars plunge in cold weather by up to 50.5% versus how they are advertised online, the KFTC said in a statement on Tuesday.

Tesla could not be immediately reached for comment.



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