In today’s briefing:
- Market Share Loss for Tesla Korea Accelerating in 1Q 2023
Market Share Loss for Tesla Korea Accelerating in 1Q 2023
- The fact that Tesla Korea is losing its market share significantly in Korea portends increased challenges for Tesla Motors on a global basis.
- The number of new Tesla vehicles registered in Korea was 1,303 units in 1Q 2023, down 52% YoY.
- In this insight, we provide three major reasons for Tesla’s market share losses in Korea. We also provide Tesla Korea’s 2022 results analysis.
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