News
Tesla Model Y tops South Korea import sales in February 2025
The Tesla Model Y that performed well in South Korea last month was the Model Y classic, which is already being phased out.

The Tesla Model Y led South Korea’s imported car market in February 2025 with 2,038 units sold, as per data from the Korea Automobile Importers & Distributors Association (KAIDA).
Total imported passenger car registrations in South Korea climbed 24.4% to 21,199 units from 16,237 a year ago. Tesla ranked third at 2,222 units, behind BMW (6,274) and Mercedes-Benz (4,663).
Model Y Classic Still A Strong Seller
The Model Y that performed well in South Korea last month was the Model Y classic variant, which Tesla is already phasing out. Its strong sales highlight Tesla’s strong presence in South Korea, where BMW beat Mercedes-Benz for the top brand spot last month.
Following the Tesla Model Y classic in the country’s import segment was the Mercedes-Benz E-Class and the BMW 5 Series. Tesla’s overall 2,222 registrations for February trailed BMW and Mercedes-Benz, but they surpassed Lexus (1,337) and Volvo (1,046), as per a report from Viva100.
Import Fuel Mix
Hybrids led South Korea’s import registrations with 13,013 units (64.4%), followed by EVs at 3,757 (18.6%) and gasoline at 3,226 (16%). Diesel lagged at 203 units (1%). A look at these numbers suggests that the Tesla Model Y classic commanded the lion’s share of South Korea’s EV imports last month.
What the KAIDA Vice Chairman says
KAIDA Vice Chairman Jeong Yoon-yeong issued a comment about the results:
“In February, new registrations of imported passenger vehicles increased compared to the previous month due to the registration of electric vehicles following the confirmation of electric vehicle subsidies and the new car effect of some brands,” the KAIDA executive noted.
Elon Musk
Teslas in the Boring Co. Vegas Loop are about to get a big change
Elon Musk has a big update for Teslas that operate within the Boring Company’s Vegas Loop.

Tesla vehicles operating in the Boring Company’s Vegas Loop are about to get a big change, CEO Elon Musk said.
In Las Vegas, the Boring Company operates the Vegas Loop, an underground tunnel system that uses Teslas to drop people off at various hotspots on the strip. It’s been active for a few years now and is expanding to other resorts, hotels, and destinations.
Currently, there are stops at three resorts: Westgate, the Encore, and Resorts World. However, there will eventually be “over 100 stations and span over 68 miles of tunnel,” the Vegas Loop website says.
The Loop utilizes Tesla Model 3 and Model Y vehicles to send passengers to their desired destinations. They are currently driven using the Full Self-Driving suite, but they also have safety drivers in each vehicle to ensure safety.
Tesla Cybertruck rides are crucial for Vegas Loop expansion to airport
Tesla and the Boring Company have been working to remove drivers from the vehicles used in the Loop, but now, it appears there is a set timeline to have them out, according to CEO Elon Musk:
The Tesla cars operating in The Boring Company tunnels under Las Vegas will be driverless in a month or two https://t.co/mX4nNrJui9
— Elon Musk (@elonmusk) October 18, 2025
Musk says the Boring Co. will no longer rely on safety drivers within the Teslas for operation. Instead, Tesla will look to remove the safety drivers from the cars within the next month or two, a similar timeline for what Musk believes the Robotaxi platform will look like in Austin.
In Texas, as Robotaxi continues to operate as it has since June, there are still safety monitors within the car who sit in the passenger’s seat. They are there to ensure a safe experience for riders.
When the route takes the vehicle on the highway, safety monitors move into the driver’s seat.
However, Tesla wants to be able to remove safety monitors from its vehicles in Austin by the end of the year, Musk has said recently.
In early September, Musk said that the safety monitors are “just there for the first few months to be extra safe.” He then added that there “should be no safety driver by end of year.”
The safety driver is just there for the first few months to be extra safe.
Should be no safety driver by end of year.
— Elon Musk (@elonmusk) September 4, 2025
Elon Musk
Tesla Full Self-Driving gets an offer to be insured for ‘almost free’
“If @elonmusk is game, we’d be happy to explore insuring Tesla FSD miles for (almost) free.”

Tesla Full Self-Driving just got an insurance offer from Lemonade Co-founder and President Shai Wininger that might be too good to pass up, as he wants to insure vehicles on FSD for “almost free.”
Traditionally, Tesla vehicles are slightly more expensive to insure with traditional companies because of higher repair costs that stem from their technology and state-of-the-art structural battery design.
However, the development of the Full Self-Driving suite by Tesla has certainly pulled some tech entrepreneurs and others to believe the vehicles should be much cheaper to insure.
While there are certainly people on both sides of the spectrum, a handful of notable tech figures believe the data shows that Teslas operating on FSD are safer than human drivers.
Tesla Q2 2025 vehicle safety report proves FSD makes driving almost 10X safer
One of the tech figures who believes that is Shai Wininger, President and Co-founder of Lemonade, an insurance company that has nearly two million customers.
On X, Wininger recently announced the direct integration with Tesla vehicles that would roll out to Lemonade customers. The integration would “remove the need for a UBI device in our Pay Per Mile product. This makes activating Lemonade Car on Teslas effortless and lets us cut hardware and shipping costs, helping lower prices for Tesla drivers even further.”
He said the Tesla API complemented Lemonade’s platform because it provides “richer and more accurate driving behavior data than traditional UBI devices.”
He then proposed an idea to CEO Elon Musk, stating that Lemonade would “be happy to explore insuring Tesla FSD miles for (almost) free.”
If @elonmusk is game, we’d be happy to explore insuring Tesla FSD miles for (almost) free. https://t.co/VDcKX1JzSi
— Shai Wininger (@shai_wininger) October 17, 2025
It would provide Tesla drivers with stable and accurate insurance, while also incentivizing owners to utilize the Full Self-Driving suite for their miles, making the semi-autonomous driving platform extremely cost-effective to use.
Wininger said it would be available in states where Tesla’s in-house insurance program is not available. Tesla Insurance is available in twelve states, and is looking to expand in Florida, as we reported earlier this week. However, it has not expanded to a new state in about three years.
The thought of Lemonade being able to insure FSD miles for almost nothing is an extremely attractive offer from Wininger, and could potentially be a new outlet to make Teslas even less expensive to own and operate throughout their lifetime.
Elon Musk
Tesla CEO Elon Musk’s $1 trillion pay package hits first adversity from proxy firm
ISS said the size of the pay package will enable Musk to have access to “extraordinarily high pay opportunities over the next ten years,” and it will have an impact on future packages because it will “reduce the board’s ability to meaningfully adjust future pay levels.”

Tesla CEO Elon Musk’s $1 trillion pay package, which was proposed by the company last month, has hit its first bit of adversity from proxy advisory firm Institutional Shareholder Services (ISS).
Musk has called the firm “ISIS,” a play on its name relating it to the terrorist organization, in the past.
“ISIS”
— Elon Musk (@elonmusk) September 27, 2021
The pay package aims to lock in Musk to the CEO role at Tesla for the next decade, as it will only be paid in full if he is able to unlock each tranche based on company growth, which will reward shareholders.
However, the sum is incredibly large and would give Musk the ability to become the first trillionaire in history, based on his holdings. This is precisely why ISS is advising shareholders to vote against the pay plan.
The group said that Musk’s pay package will lock him in, which is the goal of the Board, and it is especially important to do this because of his “track record and vision.”
However, it also said the size of the pay package will enable Musk to have access to “extraordinarily high pay opportunities over the next ten years,” and it will have an impact on future packages because it will “reduce the board’s ability to meaningfully adjust future pay levels.”
The release from ISS called the size of Musk’s pay package “astronomical” and said its design could continue to pay the CEO massive amounts of money for even partially achieving the goals. This could end up in potential dilution for existing investors.
If Musk were to reach all of the tranches, Tesla’s market cap could reach up to $8.5 trillion, which would make it the most valuable company in the world.
Tesla has made its own attempts to woo shareholders into voting for the pay package, which it feels is crucial not only for retaining Musk but also for continuing to create value for shareholders.
Tesla launched an ad for Elon Musk’s pay package on Paramount+
Musk has also said he would like to have more ownership control of Tesla, so he would not have as much of an issue with who he calls “activist shareholders.”
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