Tesla sold just 1 car in South Korea last month
Image Credit: twitter
In January, Tesla faced a major slump in South Korea, selling just one car, a Model Y, in the country. This was the EV maker's worst sales figure in South Korea since 2022. The drop in sales has been linked to worries about inflation, battery fires, and a shortage of fast EV chargers. For reference, South Korea saw a 3.6% inflation rate in December 2023, making consumers more cautious with their spending.