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Thursday, May 7, 2026

Tesla fined $2.2 million by South Korea for false advertising: regulator - Business Insider

  • South Korea's antitrust regulator said it's fining Tesla $2.2 million for false advertising.
  • The regulators said Tesla had exaggerated the driving range of electric vehicles in cold weather.
  • Tesla's electric vehicle's driving range plummets by over 50% in cold weather, South Korea's regulator said.

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South Korea's antitrust regular fined Tesla 2.85 billion won ($2.2 million) for false advertising, saying the company overstated the range of its cars in cold weather, as reported by multiple outlets including Reuters.

The Korea Fair Trade Commission said at a press conference on Tuesday that Tesla exaggerated the driving range of its electric vehicles, failing to inform customers that cars have shorter driving ranges in lower temperatures.

The KFTC said that Tesla overstated 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 website since August 2019.

KFTC spokesperson Nam Dong-il said at the press conference that Tesla had shared "false, exaggerated and deceptive...



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