Musk Shares Photo of Korean Flag With Tesla Logo, Citing Strong Korea Sales

At a glance

Elon Musk reposted a post on X saying Tesla has ranked first among imported car brands in South Korea for nine straight months. The post included a composite photo of the Korean flag with a Tesla 'T' logo placed on the taegeuk symbol in the center. However, Tesla's October registrations fell from the previous month.

Key points

1. 1

   According to the Korea Automobile Importers and Distributors Association, Tesla held 29.5% of imported car registrations in October, keeping its top spot.

2. 2

   Tesla registered 9,165 vehicles in October, up 110.7% from the same month last year but down 3,207 from the previous month.

3. 3

   This is the first time since February this year that Tesla's monthly registrations fell below 10,000.

4. 4

   In June, when the Tesla Model Y ranked first in monthly passenger car sales in Korea, Musk said that 'Korea is amazing.'

Why it matters

It shows both Tesla's position in the Korean market and the attention its chief executive pays to it.