Tesla Hit With KRW 2.85 Billion Fine in South Korea Over Alleged False Advertising

Tesla Hit With KRW 2.85 Billion Fine in South Korea Over Alleged False Advertising

South Korea’s antitrust regulator said it would impose a KRW 2.85 billion (roughly Rs. 18 crore) fine on Tesla for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures. The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the…