SEOUL (Reuters) – The prices of some Tesla models in South Korea were cut on Friday, a local Tesla sales official said on Friday.

The price of the electric car manufacturer’s basic Model 3 rear-wheel drive vehicle was listed as 64.34 million won ($50,637.10) on the company’s website on Friday. Its Model Y Long Range sports utility vehicle was 84.999 million won.

The price cuts differed from model to model but ranged from about 6 million won to 10 million won ($4,725 to $7,875), the official said.

(Reporting by Joyce Lee; Editing by David Goodman)

Copyright 2023 Thomson Reuters.

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