Tesla has slashed prices of its vehicles in Korea by as much as 9.4 million won ($6,500) ahead of the new year, a move widely seen as an effort to cement its position as the country’s top-selling ...

Tesla has slashed the effective price of its entry-level Model 3 sedan in Korea, allowing buyers to purchase the vehicle in the high 30 million won ($20,330) range after subsidies.

Nearly 4,500 Tesla Model 3 and Model Y owners in South Korea have complained about battery malfunctions that prevent charging. The problem, which primarily affects 2021 models, has drawn the scrutiny ...