The South Korean government has disclosed new subsidy amounts for the Tesla Model Y Rear-Wheel Drive (RWD) on February 20, 2024. This announcement, awaited by potential electric vehicle (EV) buyers, marks a pivotal moment for consumers who had strategically delayed their purchases in anticipation of updated financial incentives. The updated subsidy for the Tesla Model […]
Tesla Korea’s newly released Model Y rear wheel drive (RWD) is generating a significant buzz, with the interest in the vehicle massively surpassing the auto industry’s initial forecasts. The growing demand has sparked intrigue regarding its potential impact on actual sales figures. As of July 21, contracts for the Model Y RWD have exceeded a […]
Tesla has stolen the spotlight with the introduction of its Model Y Rear-Wheel Drive (RWD) in South Korea, from Giga Shanghai. The vehicle’s price at 40 million won ($31,600 USD) after state and local government subsidies, has resulted in a surge of orders, since launching back on July 13. That’s according to the credit card […]
Tesla Korea has launched the sale of Model Y Rear-Wheel-Drive (RWD) vehicles, which are being manufactured at Tesla’s Giga Shanghai factory in China, according to a tweet by @Tslachan. This move marks a significant development in Tesla’s expansion plans in the Korean market. The Model Y RWD is priced around $45,000 and qualifies for both […]
Summary: Tesla is reportedly preparing to launch Made-in-China Model Y RWD vehicles in South Korea. The automaker currently only sells Long Range and Performance trims of the Model Y in the country. Earlier this week, listings on Tesla’s website confirmed that Gigafactory Shanghai will also export Model Y RWD units to Canada. Tesla is gearing […]
L&F Co., a South Korean company, won a $2.9 billion order from Tesla, making its owners ultra-rich. It is the first direct contract between L&F and Tesla. L&F plans to diversify its customer base and generate 30% of sales from unidentified manufacturers, including Tesla, by 2025. Electric car maker Tesla’s global success has created immense […]
South Korean battery-materials manufacturer L&F has signed a 3.835 trillion won ($2.9 billion USD) nickel supply deal with Tesla, according to a regulatory filing on Tuesday (via MarketWatch). The deal holds that L&F will supply high-nickel cathode materials to Tesla from January 1, 2024 to December 31, 2025, according to the South Korean company. Following […]
Tesla has increased the price of its Model Y vehicles in multiple markets, including China, South Korea and Australia. @Tslachan spotted the price increases in China, where the Model Y Long Range and Performance variants have both increased by 2,000 yuan ($291.51 USD), with the vehicles now retailing for 311,900 yuan ($45,461.20 USD) and 361,900 […]
Tesla has dropped the prices of its Model 3 and Model Y in South Korea for the second consecutive month, with these vehicles now qualifying for the country’s subsidies for electric vehicles. The nation’s subsidies are 2.6 million won (about $2,120 USD), while local government subsidies have yet to be announced. Thusly, the following price […]
South Korea’s antitrust watchdog has announced a 2.85 billion won (about $2.2 million USD) fine on Tesla for alleged false advertising — reports Reuters. According to the Korea Fair Trade Commission (KFTC), Tesla failed to disclose the shortened driving range of its electric vehicles (EVs) in lower temperatures in its promotional materials. The regulator has […]
South Korean investors purchased $2.8 billion in Tesla stock this year, as the company’s shares have sank to their lowest point in years. South Korean retail investors have picked up a whopping $160 million in Tesla shares in December alone (through to the 27th), according to data from the Korea Securities Depository, reports Bloomberg. Even […]
South Korea wants to host Tesla’s next Asian Gigafactory, with municipal governments from all over the country vying for the electric vehicle (EV) maker’s favor — reports KED Global. The news comes after Tesla CEO Elon Musk said last month that South Korea is among the top candidates for a second Gigafactory in Asia. Shortly […]
South Korea is offering “tailored” benefits to Tesla to set up an electric vehicle (EV) plant in the country, according to statements made by President Yoon Suk-yeol as detailed in a report from Reuters. Yoon recently had a video call with Tesla CEO Elon Musk, in which the latter said that South Korea was one […]
Leaders worldwide are asking Tesla and CEO Elon Musk to build a Gigafactory in their home countries, and South Korea says that Musk already has the country in mind for its next car plant in Asia. Musk said during a video call that South Korea is among the top candidates for its next Gigafactory in […]
Tesla has changed the wording on its Model 3 Long Range configurator for orders in Korea, previously saying “Available for Order in 2023” and now writing “View Limited Inventory”, as spotted by Tesla North reader @Tslachan. In a tweet about the change, @Tslachan also pointed out that the strategy seemed to be similar to Tesla’s […]
