South Korea is fining Tesla $2.2 million, claiming the automaker misled customers about the range of its vehicles in cold temperatures.
The news comes as the company’s stock continues to plunge in the new year, as fourth quarter delivery numbers came in below analysts' estimates. Tesla electric vehicles are displayed during a public launching event on Dec. 7, 2022, in Bangkok, Thailand.
A Jan. 2 release showed deliveries for Tesla missed by roughly 13,000. Tesla delivered 405,000 vehicles over the quarter, falling short of consensus forecasts of 418,000, the report said. On Tesla’s website, in its "Winter Driving Tips" section, the company is urging owners to useA Tesla logo is seen at a showroom in Shanghai, China, on Jan. 7, 2019.
"Proper preparation ensures that your vehicle is at the desired charge level and cabin temperature at the time of your departure, and that peak efficiency and performance are available from the moment you start driving," the website says. "If your battery hasn’t preconditioned sufficiently, it will use some of its own energy to warm itself rather than contributing that energy toward your driving range.
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