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Tesla begins sale of cheaper Model Y vehicle in South Korea
  + stars: | 2023-07-14 | by ( ) www.reuters.com   time to read: +1 min
SEOUL, July 14 (Reuters) - Tesla (TSLA.O) began selling its Model Y rear-wheel drive car on Friday in South Korea at a price of 56.99 million won ($45,139), the automaker' s website said, making the vehicles eligible for the maximum rate of government subsidies. Local media said the Tesla Model Y cars were made in China. A tweet by Tesla Korea announcing the sale showed a video of cars being produced in its Gigafactory in Shanghai and being shipped. With subsidies, coupled with Tesla's referral programme, the price can be reduced further to below 50 million won, the company said. In Seoul, consumers can receive subsidies of up to 8.6 million won for EV vehicles priced below 57 million won.
Persons: Tesla, 1,262.5400, Hyunsu Yim, Ed Davies Organizations: Local, Tesla, EV, Thomson Locations: SEOUL, South Korea, China, Tesla Korea, Shanghai, Seoul
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