'Tesla Starts Selling Chinese-Made Model Y In Korea For $44,000' - Bloomberg News
Portfolio Pulse from Happy Mohamed
Tesla Inc. has begun selling its Chinese-made Model Y vehicles in South Korea. The price of the rear-wheel drive model is $44,000, which can be reduced to $37,000 in Seoul and as low as $30,000 in some cities with additional EV incentives.
July 14, 2023 | 3:56 pm
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POSITIVE IMPACT
Tesla's decision to sell Chinese-made Model Y in South Korea could boost its sales in the region due to the lower price point and government subsidies.
The lower price point of the Chinese-made Model Y, combined with government subsidies, makes the vehicle more affordable and attractive to consumers in South Korea. This could lead to increased sales for Tesla in the region, potentially boosting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The sale of Tesla's Chinese-made Model Y in South Korea could impact the iShares MSCI South Korea ETF (EWY), which includes companies that could be affected by increased EV adoption.
The sale of Tesla's Model Y in South Korea could impact the companies included in the iShares MSCI South Korea ETF (EWY), particularly those in the automotive and related sectors. However, the exact impact is uncertain and will depend on how these companies adapt to increased EV adoption.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50