Take a look at what’s clicking on FoxBusiness.com.
SEOUL – South Korea’s antitrust regulator is investigating U.S. electrical carmaker Tesla Inc over allegations the corporate exaggerated the specs of its batteries, an official on the Korea Truthful Commerce Fee (KFTC) stated on Tuesday.
| Ticker | Safety | Final | Change | Change % |
|---|---|---|---|---|
| TSLA.O | n.a. | n.a. | n.a. | n.a. |
A Yonhap information company on late Monday reported the KFTC had despatched a report back to the electrical automobile (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.
ELON MUSK WARNS OF SKYROCKETING NATIONAL DEBT: ‘SOMETHING HAS GOT TO GIVE’
“We plan to carry a gathering to determine the extent of sanctions in opposition to the automaker,” an official on the KFTC informed Reuters.
South Korea’s antitrust regulator is investigating U.S. electrical carmaker Tesla Inc over allegations the corporate exaggerated the specs of its batteries, an official on the Korea Truthful Commerce Fee (KFTC) stated on Tuesday.
Tesla, on its web site, says its Mannequin 3 can journey 528 km (328 miles) on a single cost. The KFTC says nonetheless that the vary could fall wanting that ought to the temperature drop under freezing.
Analysts stated most electrical autos might usually expertise some lack of driving vary in chilly climate.
CLICK HERE TO READ MORE ON FOX BUSINESS
Tesla was not instantly out there for remark when contacted by Reuters.
($1 = 1,198.3100 gained)