Prices of some Tesla models cut in South Korea -official

A Tesla logo is seen at its planned store in Hanam

SEOUL (Reuters)– Tesla Inc has actually cut rates of a few of its automobile designs in South Korea, a regional Tesla sales authorities stated on Friday, the 2nd straight month the U.S. electrical automobile maker has actually decreased costs.

The cost of the standard Model 3 rear-wheel drive automobile was noted as 59.9 million won ($48,72850) on the business’s site on Friday, down more than 5% from a month previously.

Its Model Y Performance sports energy automobile was 82.69 million won, down almost 13% from the January listing cost of 94.73 million won.

The rate cuts varied from design to design however varied from about 3.5 million won to 12.6 million won.

The Tesla authorities verified the brand-new rates of the designs.

In January, Tesla cut the rates of a few of its cars and trucks in South Korea.

Reuters reported on Wednesday that Tesla prepares to step up output at its Shanghai plant over the next 2 months to satisfy need sparked by aggressive cost cuts on its very popular designs.

($ 1 = 1,2292600 won)

(Reporting by Heekyong Yang; Editing by Muralikumar Anantharaman)

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