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model 3

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Tesla Korea raises Model 3 and Model Y prices by up to 7 million won

Tesla Korea raised two of its EV models prices sharply a day after the government kept EV purchase subsidies in place for the automaker, but stated the hike was not related.

2026.7.1

Tesla's entry-level Model 3 sedan [SCREEN CAPTURE]

Tesla's Standard Model 3 sedan priced in 30 million won range after gov't subsidies

Tesla has slashed the effective price of its entry-level Model 3 sedan in Korea, allowing buyers to purchase the vehicle in the high 30 million won ($20,330) range after subsidies.

2026.1.17

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Model Ys are manufactured at Tesla's factory in Shanghai. [XINHUA/YONHAP]

'Made in China' Tesla EVs conquer Korean roads

A total of 6,025 Tesla EVs were newly registered in Korea in March, up 378.9 percent on year, according to data from market tracker CarIsYou. That beat all other auto brands available in Korea, even local brands such as Hyundai.

2024.4.8

Tesla CEO Elon Musk waves as he arrives at a festival in Rome, Italy on Dec. 16. [AP/YONHAP]

Will Tesla’s Shanghai-made Model 3 shake up Korea's EV market?

Shanghai-made Tesla Model 3s will soon be hitting Korean roads, heralding another upheaval in the country’s cutthroat EV market.

2024.1.23

Tesla vehicles are being charged at a building in Seoul on Jan. 3. [YONHAP]

[NEWS ANALYSIS] Tesla's EV pricing war puts pressure on Hyundai Motor, Kia

An EV pricing war spurred by Tesla is putting pressure on Hyundai Motor and Kia, which were already reeling from the Inflation Reduction Act (IRA).

2023.2.2

Tesla Model 3 vehicles are being made at its Shanghai plant. [REUTERS/YONHAP]

Tesla's king-of-the-road status under threat globally

For more than a decade, Tesla has reigned supreme in electric vehicle (EV) land. That is changing fast as it loses its No. 1 spot.

2022.7.26

Ioniq 5 beats Tesla Model 3 in safety test

The Ioniq 5 EV received a scored of 92.1 points out of 100 in a safety test compared to the Model 3's 83.3 points.

2021.8.17

Tesla's Model 3 long-range version is out of stock in Korea

Tesla Korea has stopped selling its most popular car in Korea due to the lack of inventory.

2021.8.3

Tesla's Seoul showroom in Cheongdam-dong in southern Seoul. [YONHAP]

[NEWS IN FOCUS] Korean drivers abandon Tesla as more options arrive

Tesla fever appears to be subsiding in Korea as the tech-savvy electric vehicle (EV) maker faces tough competition from other premium models and local alternatives.

2021.3.25

An FTC official gives a briefing on unfair terms of Tesla's sales contracts. [YONHAP]

Tesla contract fixes ordered by the FTC

Tesla has been ordered by the Fair Trade Commission (FTC) to fix five terms in its sales contract that the regulator deemed to be unfair.

2020.8.18