Tesla takes on Uber in South Korea
Tesla is expanding its global presence with the launch of a new service for South Korea.
The automaker said it will provide auto financing to consumers in South Korean cities, and it is expanding a local network to the United States, China and India.
It will offer the services to South Korean consumers with Tesla vehicles as well as the brand’s other products.
The launch comes as Tesla gears up for a second US$2bn investment to expand the production of the Model 3 sedan and Model S sedan.
The company also launched a website to allow customers to compare its products.
Tesla will use its platform to help consumers choose their vehicle, which is available in more than 60 countries and is a product of the Palo Alto, California-based company.
The firm also launched its first-ever car-sharing service, the Tesla Carpool, on Monday.
“We believe the world is ready for a new era of mass transportation and we’re excited to be part of it,” Elon Musk, Tesla’s chief executive, said in a statement.
“The carpooling experience is an ideal opportunity for a company with a proven track record to bring a mass-market electric vehicle to the masses.”
Tesla said the service will be available to consumers from January 2019 and to customers who are eligible.