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Tesla Stock and Industry Insights: A Deep Dive into Recent Moves and Market Sentiments

Positive Developments in South Korea and Production Confidence

Recent reports highlight promising news for Tesla, particularly concerning its expansion in South Korea. Rumors suggest Tesla might start selling rear-wheel drive Model Y vehicles locally, manufactured in China rather than the United States. This move is viewed as bullish because it enables Tesla to benefit from the higher government incentives available in South Korea—potentially doubling from around $3,000 to $6,000 per vehicle due to lower pricing and qualification for better subsidies.