South Korea fines Tesla $2.2 million for allegedly exaggerating driving selection of EVs

South Korea fines Tesla .2 million for allegedly exaggerating driving selection of EVs


A Tesla electric powered car is parked at a Tesla Supercharger station in Suwon, South Korea on Aug. 7, 2022.

SeongJoon Cho | Bloomberg | Getty Visuals

South Korea’s antitrust regulator explained it would impose a 2.85 billion won ($2.2 million) high-quality on Tesla for failing to explain to its prospects about the shorter driving selection of its electrical vehicles in lower temperatures.

The Korea Truthful Trade Fee explained that Tesla experienced exaggerated the “driving ranges of its vehicles on a single charge, their gas price tag-usefulness as opposed to gasoline cars as nicely as the efficiency of its Superchargers” on its official local site since August 2019 until lately.

The driving assortment of the U.S. EV manufacturer’s cars and trucks plunge in cold climate by up to 50.5% compared to how they are marketed on-line, the KFTC mentioned in a statement on Tuesday.

Tesla could not be immediately arrived at for comment.

On its web page, Tesla supplies wintertime driving recommendations, this kind of as pre-conditioning vehicles with external power sources, and applying its current Energy application to monitor energy usage, but does not mention the loss of driving selection in sub-zero temperatures.

Study extra about tech and crypto from CNBC Pro

In 2021, Citizens United for Buyer Sovereignty, a South Korean customer team, mentioned the driving variety of most EVs fall by up to 40% in cold temperatures when batteries need to have to be heated, with Tesla struggling the most, citing info from the country’s atmosphere ministry.

Very last calendar year, the KFTC fined German carmaker Mercedes-Benz and its Korean unit 20.2 billion won for wrong advertising and marketing tied to gasoline emissions of its diesel passenger vehicles.

Musk to Tesla staff: Don't be too bothered by stock market craziness



Source

Levi’s CEO Michelle Gass bets on India, China and women’s fashion to grow the brand to  billion
World

Levi’s CEO Michelle Gass bets on India, China and women’s fashion to grow the brand to $10 billion

From miners to musicians, Levi’s has outfitted generations for over 170 years. But what does it take to keep an American denim icon relevant in a global, fast moving and fashion forward world? In an exclusive interview with Levi Strauss & Co.’s CEO Michelle Gass, Managing Asia’s Christine Tan heads to Tokyo, a global hub […]

Read More
I joined a 24-hour ‘vibe coding’ hackathon and helped build an app – here are my biggest takeaways
World

I joined a 24-hour ‘vibe coding’ hackathon and helped build an app – here are my biggest takeaways

CNBC correspondent Ernestine Siu attended an AI hackathon. Courtesy of Ernestine Siu I like to spend most of my weekends taking workout classes with friends, exploring new restaurants or vegging out on the couch with a movie on. The past weekend, however, was unique. Instead of the usual routine, I chose to immerse myself in […]

Read More
CNBC Daily Open: Tesla’s increased costs outweighed its revenue growth
World

CNBC Daily Open: Tesla’s increased costs outweighed its revenue growth

Tesla electric vehicles are parked at a Tesla service center on Aug. 2, 2025 in San Diego, California. Kevin Carter | Getty Images There are generally two ways for a company to increase its profit: increasing sales or cutting costs. Preferably both at the same time — because a rise in revenue might be overshadowed […]

Read More