Connect with us

News

Tesla certified by South Korean government to enter local car market

Published

on

Tesla Model S and Model X vehicles will soon hit the South Korean market as early as May, following an approval issued by the country’s Ministry of Land, Infrastructure and Transport division. The nod to Tesla for certification is part of a larger South Korean government framework to create an eco-friendly car market, with goals to elevate air quality standards to western European levels within a decade.

Tesla will unveil both sales and Tesla service centers when it officially opens its doors inside South Korea’s largest shopping mall and at the famed Gangnam district, equivalent to the Rodeo drive of Seoul. Service centers will provide core maintenance functions and house charging stations. Any necessary exterior repairs to Teslas there will be handled by certified subcontractors.

Korea’s domestic hybrid and electric market sold a total of 68,774 cars last year, compared to 41,956 in 2015. This was the highest proportional rise worldwide, according to The Korea HeraldIn December, South Korea’s Ministry of Trade, Industry, and Energy announced plans that it would increase the number of traditional gasoline-electric hybrids, plug-in electric hybrids, pure electric vehicles, and hydrogen fuel cell cars to 20 percent of all its national sales by the year 2020.

Much competition awaits Tesla in the South Korean EV market. Hyundai’s EV catalog there includes the Grandeur, Sonata, and Ionic brands as well as the Kia Niro. And the Ministry of Land, Infrastructure, and Transport that completed Tesla’s registration is currently reviewing Chinese EV carmaker BYD’s application to enter the South Korean market, with expected approval next week.

Never to be daunted, Tesla will reveal its brand in a spectacular, four-story mall complex about six miles east of Seoul, at Starfield Hanam. Set in an idyllic location, beside an expansive lake and a sweeping mountainous backdrop, the recently opened Starfield Hanam atmosphere combines cultural, leisure, and entertainment facilities. The mall is close to nearby tourist hot-spots, connected to Seoul’s major freeway system, and is adjacent to the subway network. “South Korea’s first ‘shopping theme park’ is a new business model for the country, integrating the brick and mortar shopping experience with E-Mart distribution,” said Yong-Jin Chung, vice chairman of Shinsegae Group. “We carefully curated the selection of stores and services to benefit our customers and satisfy their diverse needs.”

Advertisement
-->

South Korea will be Tesla’s fifth market in Asia after China, Hong Kong, Japan, and most recently Taiwan. Asia serves as a significant mechanism to establish the Tesla global brand. On-the-ground planning began last June, 2016, when Tesla’s website listed four new positions for sales and engineering in South Korea and one recruiter for the country, with base in Japan.

Seoul offers Tesla access to a population in the primary trade area of 3.5 million, a further 9.4 million in the secondary trade area, and a total of 25.6 million in greater Seoul. Last April, Tesla CEO Elon Musk expressed confidence that the South Korean market will help Tesla to expand its customer base, especially with the introduction of the new lower-priced Model 3 sedan.

Carolyn Fortuna is a writer and researcher with a Ph.D. in education from the University of Rhode Island. She brings a social justice perspective to environmental issues. Please follow me on Twitter and Facebook and Google+

Advertisement
Comments

Cybertruck

Tesla made a change to the Cybertruck and nobody noticed

Published

on

Credit: diagnosticdennis/Instagram and @smile__no via Tesla Owners of Santa Clarita Valley/X

Tesla made a change to the Cybertruck, and nobody noticed. But to be fair, nobody could have, but it was revealed by the program’s lead engineer that it was aimed toward simplifying manufacturing through a minor change in casting.

After the Cybertruck was given a Top Safety Pick+ award by the Insurance Institute for Highway Safety (IIHS), for its reputation as the safest pickup on the market, some wondered what had changed about the vehicle.

Tesla Cybertruck earns IIHS Top Safety Pick+ award

Tesla makes changes to its vehicles routinely through Over-the-Air software updates, but aesthetic changes are relatively rare. Vehicles go through refreshes every few years, as the Model 3 and Model Y did earlier this year. However, the Cybertruck is one of the vehicles that has not changed much since its launch in late 2023, but it has gone through some minor changes.

Most recently, Wes Morrill, the Cybertruck program’s Lead Engineer, stated that the company had made a minor change to the casting of the all-electric pickup for manufacturing purposes. This change took place in April:

Advertisement
-->

The change is among the most subtle that can be made, but it makes a massive difference in manufacturing efficiency, build quality, and scalability.

Morrill revealed Tesla’s internal testing showed no difference in crash testing results performed by the IIHS.

The 2025 Cybertruck received stellar ratings in each of the required testing scenarios and categories. The Top Safety Pick+ award is only given if it excels in rigorous crash tests. This requires ‘Good’ ratings in updated small and moderate overlap front, side, roof, and head restraints.

Advertisement
-->

Additionally, it must have advanced front crash prevention in both day and night. Most importantly, the vehicle must have a ‘Good’ or ‘Acceptable’ headlights standard on all trims, with the “+ ” specifically demanding the toughest new updated moderate overlap test that checks rear-seat passenger protection alongside driver safety.

Continue Reading

News

Tesla enters interesting situation with Full Self-Driving in California

Published

on

tesla model x
A Tesla Motors Inc Model X is seen at Tesla's introduction of its new battery swapping program in Hawthorne, California June 20, 2013. Tesla Motors Inc on Thursday unveiled a system to swap battery packs in its electric cars in about 90 seconds, a service Chief Executive Elon Musk said will help overcome fears about their driving range. REUTERS/Lucy Nicholson (UNITED STATES - Tags: TRANSPORT BUSINESS LOGO) - RTX10VSH

Tesla has entered an interesting situation with its Full Self-Driving suite in California, as the State’s Department of Motor Vehicles had adopted an order for a suspension of the company’s sales license, but it immediately put it on hold.

The company has been granted a reprieve as the DMV is giving Tesla an opportunity to “remedy the situation.” After the suspension was recommended for 30 days as a penalty, the DMV said it would give Tesla 90 days to allow the company to come into compliance.

The DMV is accusing Tesla of misleading consumers by using words like Autopilot and Full Self-Driving on its advanced driver assistance (ADAS) features.

The State’s DMV Director, Steve Gordon, said that he hoped “Tesla will find a way to get these misleading statements corrected.” However, Tesla responded to the story on Tuesday, stating that this was a “consumer protection” order for the company using the term Autopilot.

It said “not one single customer came forward to say there’s a problem.” It added that “sales in California will continue uninterrupted.”

Advertisement
-->

Tesla has used the terms Autopilot and Full Self-Driving for years, but has added the term “(Supervised)” to the end of the FSD suite, hoping to remedy some of the potential issues that regulators in various areas might have with the labeling of the program.

It might not be too long before Tesla stops catching flak for using the Full Self-Driving name to describe its platform.

Advertisement
-->

Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing

The Robotaxi suite has continued to improve, and this week, vehicles were spotted in Austin without any occupants. CEO Elon Musk would later confirm that Tesla had started testing driverless rides in Austin, hoping to launch rides without any supervision by the end of the year.

Continue Reading

Investor's Corner

Tesla stock closes at all-time high on heels of Robotaxi progress

Published

on

Credit: Tesla

Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.

The price beats the previous record close, which was $479.86.

Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.

Advertisement
-->

This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.

Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing

It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.

Shares closed up $14.57 today, up over 3 percent.

The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.

Advertisement
-->

However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.

Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.

Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.

Continue Reading