Tesla will drop ‘misleading’ marketing in Germany touting Model 3

Tesla agreed to change the way it advertises the Model 3 sedan in Germany by getting rid of fuel-savings claims that a fair-competition watchdog said are misleading.

Tesla has been promoting the four-wheel-drive version of the car on its German-language website with claims that buyers can get 5,000 euros ($5,654) in savings over five years off the car’s price tag of 56,380 euros.

Tesla has agreed to drop references to prices “after estimated savings” as of March 20, said Wettbewerbszentrale, a Munich-based watchdog.