Tesla Delivers Breakout Month In South Korea [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
That kind of move does not happen quietly. A big part of it comes down to pricing. Tesla has been cutting prices on models like the Model Y and Model 3, and buyers are clearly responding. The Model Y Premium led the charge with 5,517 units sold, while the Model 3 Premium Long Range added 1,905 and the standard Model 3 came in at 1,255. Together, those models basically dominated the imported car rankings for the month. Warning! GuruFocus has detected 6 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. Zooming out, the broader market is also heating up. Imported car registrations in South Korea rose about 34% to 35% year over year, hitting roughly 33,970 units, which is the highest monthly level on record. Tesla is right at the center of that momentum and is already preparing to bring in the Model Y L after rolling it out in other parts of Asia.
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