South Korea Fines Tesla $2.2m For Overstating Driving Range And Charge Speeds | Carscoops carscoops
praised for the impressive driving distances it quotes for its EVs, but regulators in South Korea haven’t been congratulating the automaker with a slap on the back. Instead they’ve slapped Tesla on the wrist for false advertising and levied a 2.8 billion fine.
Korea’s antitrust watchdog, the Korea Fair Trade Commission says Tesla exaggerated the driving range and, while also overstating the money customers could save on fuel costs versus other cars. According to a statement by the KFTC, Tesla had been over-optimistic about 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 Korean-market retail site from late 2019 until early 2022.
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