Tesla Faces Probe Over 1,300 Sales in Turkey, Ministry Imposes Fine

Turkey's Ministry of Trade has scrutinized Tesla's price difference practices following an increase in the Special Consumption Tax (ÖTV). According to information obtained by CNBC-e, over 1,300 sales transactions have been investigated, and the Ministry has imposed a monetary fine. The investigation covers the compliance of price differences reflected to customers by Tesla after the change in ÖTV rates with legal regulations. In this context, the Ministry evaluated the company's sales processes in detail. Tesla's operations in Turkey have drawn attention recently due to rising automotive taxes and exchange rate fluctuations. The company had updated prices for some models after the ÖTV increase. The Ministry of Trade's decision comes at a time when oversight of pricing policies in the automotive sector is tightening. The Ministry stated that it will continue to monitor similar practices to protect consumer rights. This is not investment advice.

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The news involves an official investigation and punitive sanctions against Tesla's sales in Turkey. This could create short-term uncertainty in the company's regional operations. Technically, the RSI is neutral at 47, while the MACD is below the signal line and trending negative. The price is near the 20-day moving average but below the 50-day moving average, signaling weak momentum. Combined with the news, the likelihood of downward pressure in the near term increases.

RSI 14

47.3

MACD

-0.93

24h Δ

0.50%

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