Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: An Israeli guard was killed in a shooting attack at the Gush Etzion Junction, and those who carried out the operation were injured
Ofer Military Court extended Nasser al-Lahham's detention for three days
Israeli media platform says a reserve soldier was found killed in Har Homa in al-Quds
Al Mayadeen's correspondent in South Lebanon: An Israeli drone strikes a vehicle in the town of al-Mansouri with two missiles
Yemeni Armed Forces: We are working to expand our military support operations and continue the naval blockade until the aggression on Gaza ends
Yemeni Armed Forces: We carried out a top-tier military operation targeting Llydd Airport with a Thulfiqar missile, which successfully achieved its goal
Al Mayadeen's correspondent: 16 Palestinians, including 10 children, were martyred in an Israeli bombardment near the al-Zawari junction in Deir al-Balah, central Gaza Strip
US State Department sanctions UN Special Rapporteur on the Occupied Palestinian Territories Francesca Albanese.
Yemeni Armed Forces: We reiterate our warning to companies dealing with ports in occupied Palestine that their vessels and crews will be targeted anywhere.
Yemeni Armed Forces: We reaffirm our commitment to preventing Israeli maritime activity in both the Red Sea and the Arabian Sea.

South Korea fines Tesla $2.2mln for false advertisement of speed, cost

  • By Al Mayadeen English
  • Source: Agencies
  • 3 Jan 2023 15:11
2 Min Read

South Korea intends to fine Elon Musk's company one million won on account of insufficient information regarding the cancellation policy.

  • x
  • A Tesla car in South Korea (CNBC)
    A Tesla car in South Korea. Source: CNBC.

South Korea's Fair Trade Commission confirmed on Tuesday through a statement that Tesla falsely advertised the driving range and charging speed of its EV cars, in addition, to fuel cost savings. The FTC has issued a fine of $2.2 million as a result. 

The trade commission stated that the driving range of Tesla's vehicles is reduced by more than 50% during winter, adding that it intends to also fine Elon Musk's company one million won ($782) on account of insufficient information regarding cancellation policy. That violates South Korea's Electronic Commerce Act.

According to Bloomberg, Tesla's Korean-language website switched its ads as soon as an investigation into the matter took place in February. Notwithstanding that, on Monday, Tesla reported an 18% jump in deliveries over the past three months, but that record remained below Wall Street expectations.

Related News

Amazon's hidden 'Project Nessie': The price-increasing algorithm

Amazon sued after millions were lured into enrolling in Prime

That comes after South Korean President Yoon Suk-Yeol asked Musk to invest in the production of electric vehicles in his country amid Tesla's plans to build another electric car manufacturing gigafactory in Asia. 

Musk said he considers South Korea as "one of the top investment candidate sites" and explained that before making a decision, a comprehensive review of the investment conditions of candidate countries in Asia, such as personnel, technology level, and production environment, will be conducted.

On a separate note, in December, a Tesla car in full-driving mode was responsible for a crash involving eight cars that left two children hospitalized. 

A month earlier, more than 15,000 Tesla electric vehicles in Australia are retrieved due to malfunctioning backlights, which regulators say "may raise the risk of an accident resulting in serious injury or death."

The recall covers 15,914 Tesla Model 3 and Model Y vehicles sold in Australia in 2022. That was the company's second recall in less than a week, following the recall of over 1000 Tesla Model S and Model X vehicles on November 16 due to a steering defect.

  • FTC
  • Tesla
  • Elon Musk
  • Trade
  • South Korea

Most Read

Syria demands 1/3 of Golan, Lebanese areas for 'Israel' peace deal

Syria demands 1/3 of Golan, Lebanese areas for 'Israel' normalization

  • MENA
  • 4 Jul 2025
Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Al-Qassam hits IOF groupings in Khan Younis; ‘tough incident’ reported

3 Israeli soldiers killed by Resistance gunfire in south, north Gaza

  • Palestine
  • 4 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Iranian President Masoud Pezeshkian, center, attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025 (AP)
Politics

'Israel' attempted to assassinate Pezeshkian during war: Exclusive

Iran's Foreign Minister Abbas Araghchi attends the 17th annual BRICS summit in Rio de Janeiro, Brazil, Monday, July 7, 2025 (AP)
Politics

Iran open to US nuclear talks but demands guarantees, says Araghchi

Buildings that were destroyed during the Israeli ground and air operations stand in northern of Gaza Strip as seen from southern occupied Palestine, Thursday, July 10, 2025. (AP Photo/Leo Correa)
Politics

Ceasefire stalls as 'Israel' demands control over one-third of Gaza

Al-Qassam Brigades spokesperson Abu Obeida during a public address, March 6, 2025 (Al-Qassam Military Media)
Politics

Al-Qassam vows ongoing Resistance in response to Al-Aqsa aggression

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS