Hyundai stock price market participants attributed the

Market participants attributed the pullback to profit-taking after recent rallies, though fundamental outlook remains strong given global EV adoption. Tesla’s newest vehicle, the Cybertruck, has sold poorly. And an upgraded Model Y, the company’s best-selling vehicle, has failed to stem the collapse in sales. The company has promised to begin producing a less expensive car by the end of the year, but has yet to show that vehicle. Hyundai Motor's stock price closed at 220,000 won on the 29th, down 0.9% from the previous day. Gradual appreciation in Hyundai stock price to ₩198,700 is being driven by higher fleet sales, especially to ride-hailing companies upgrading to eco-friendly models.