Entry-level Tesla drops into 30 million-won range after subsidies

Tesla has slashed the price of its mass-market Model 3 in Korea, intensifying pricing pressure across an electric vehicle market already grappling with weakening demand.

Tesla Korea recently announced that the price of the Model 3 Standard RWD has been cut to 41.99 million won ($28,500) from 59.9 million won, while the newly introduced Premium Long Range RWD is priced at 52.99 million won.

With governmental EV subsidies of 1.68 million won and 4.2 million won, respe

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