S.Korea investigates doable exaggerated promoting in Tesla’s mileage

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SEOUL, Feb 15 (Reuters)South Korea’s antitrust regulator is investigating U.S. electrical automotive maker Tesla Inc TSLA.O over allegations the corporate exaggerated the specs of its batteries, an official on the Korea Truthful Commerce Fee (KFTC) stated on Tuesday.

Yonhap information company on late Monday reported the KFTC had despatched a report back to the electrical car (EV) maker stating that it had exaggerated the mileage of a few of its fashions, together with Mannequin 3, in violation of the Act on Truthful Labeling and Promoting.

“We plan to carry a gathering to determine the extent of sanctions in opposition to the automaker,” an official on the KFTC instructed Reuters.

Tesla, on its web site, says its Mannequin 3 can journey 528 km (328 miles) on a single cost. The KFTC says nevertheless that the vary could fall in need of that ought to the temperature drop beneath freezing.

Analysts stated most electrical automobiles may usually expertise some lack of driving vary in chilly climate.

Tesla was not instantly accessible for remark when contacted by Reuters.

($1 = 1,198.3100 gained)

(Reporting by Joori Roh, Heekyong Yang; Modifying by Stephen Coates)

((joori.roh@thomsonreuters.com; +82 2 6936 1493;))

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.



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