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Tesla Introduces More Model Y Variations and An Updated Model 3 in South Korea

Customers in South Korea can now order the updated Tesla Model 3, Model Y Long Range Dual Motor All Wheel Drive (AWD), and Model Y Performance. With the addition of the all-electric sedan and other all-electric crossover models, Tesla may become a major vehicle importer in South Korea.

The revised Model 3’s starting price for the Rear Wheel Drive (RWD) variant is ₩51,990,000 ($38,500), as can be seen on Tesla Korea’s order page. In contrast, the Model 3 Long Range Dual Motor All Wheel Drive (AWD) costs ₯59,990,000 ($44,500) before options. Starting at ₩63,990,000 ($47,400) for the Model Y Long Range Dual Motor AWD and ₩71,990,000 ($53,400) for the Model Y Performance.

The delivery date of the improved Tesla Model 3 is estimated to be between one and three months for both the RWD and Long Range Dual Motor AWD models on Tesla’s South Korea order page. The projected delivery time for the Model Y RWD, Performance, and Long Range Dual Motor AWD is stated as three to six months.

In South Korea, Tesla only offered the base Rear Wheel Drive (RWD) Model Y during the first quarter of sales; the improved Model 3 was not offered at all. In spite of this, according to data from the Korea Automobile Importers & Distributors Association, Tesla has 6,025 registrations at the end of March 2024, making it the nation’s second-largest car importer.

For the first time, Tesla did this to overthrow Mercedes-Benz, which was typically South Korea’s second-largest vehicle importer. To be fair, Mercedes-Benz also faced difficulties in South Korea last month when political unrest in the Middle East caused delivery delays.

Given that Tesla’s sales of the Model Y RWD were limited to the first quarter in South Korea, the company’s performance in that nation was already highly noteworthy. With 6,025 registrations, Tesla was likewise quite close to BMW, the nation’s biggest vehicle importer, with 6,549 registrations. It might not be long before Tesla leads South Korea’s ranks for imported cars, especially with the release of the updated Model 3 and two additional Model Y variations for buyers.

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