American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Tesla reportedly changed its advertisement related to Model 3's driving range after South Korea launched a probe due to possible exaggerated specifications of its batteries. The Korean antitrust watchdog discovered the description in its ads does not match with the actual performance of the vehicle.
According to Reuters, the Tesla Model 3 electric vehicle's description on the automaker's website in S. Korea was modified to state that it has the capacity to travel a "maximum" of 528 kilometers or 328 miles on a single charge from "more than" 528 km. The change in the details was said to have been checked by the local media.
Last week, the Korea Fair Trade Commission (KFTC) revealed it has forwarded a report to Tesla to present its findings. This was after the regulator carried out an investigation for possible exaggerated advertising in its mileage.
The report that the KFTC sent to Elon Musk's EV company stated that some of the models, including its Model 3, may have violated the country's Act on Fair Labeling and Advertising. Analysts said that generally, during cold weather, most electric vehicles experience some loss of driving range.
"The KFTC plans to give the automaker the opportunity to respond to our finding and then hold a general meeting to review and determine the extent to which the automaker has violated the law and decide the level of sanctions," a KFTC official who asked not to be named told the media.
Based on the reports, South Korea's Fair Trade Commission has not stopped checking on Tesla yet, and the investigation is still ongoing. Despite this, Tesla has already changed the details in its advertisement in the country as soon as it received the notice from the KFTC for possible misleading information violations.
In Seoul, winter temperatures usually reach below 32 degrees Fahrenheit, or 0 degrees Celsius, and electric vehicles are known to have their driving ranges drop in extremely cold weather because of battery performance issues that arose.
Finally, Bloomberg reported that the South Korean antitrust regulator gave Tesla a chance to disprove its finding, and now it will make its final decision on the matter, but this will take several months.
