J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Xiaomi Shares Drop After SU7 Launch as Margin Concerns Weigh on Investors 
Asian Currencies Rebound as Dollar Weakens, BOJ Holds Rates 
Cyberattack on Stryker Triggers U.S. Government Warning Over Microsoft Intune Security 
Israel Defies Trump's Warning, Launches New Strikes on Iran Amid Growing Global Energy Crisis 
Trump Issues 48-Hour Ultimatum to Iran Over Strait of Hormuz, Threatens Power Grid Strikes 
FEMSA Cuts Jobs at Spin Fintech Unit, Refocuses Strategy on Oxxo Stores 
S&P 500 Rebounds After Netanyahu's Statements on Iran's Military Setbacks 
Gold Prices Stabilize but Head for Worst Weekly Drop in Six Years Amid Iran War Inflation Fears 
Apple Defies China's Smartphone Slump with Strong Early 2026 Sales 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI 
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed? 
Gold Prices Stabilize in Asian Trade Amid Rate Uncertainty and Iran War Concerns 
Tesla Eyes $2.9 Billion in Chinese Solar Equipment to Power 100 GW U.S. Manufacturing Push 
Oil Prices Slide as U.S. Eyes Iranian Supply Relief Amid Middle East Tensions 
EA's $15B Debt Offering Draws $25B in Investor Demand Amid Credit Market Turmoil 
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.
