Tesla established Tesla Motors Vietnam Limited Liability Company in Ho Chi Minh City. The entity registered on September 11 with a charter capital of approximately $3 million. The filing permits the sales, import, export, and distribution of vehicles and parts. This move positions Tesla in a growing Southeast Asian market currently led by local manufacturer VinFast.
Tesla’s U.S. electric vehicle market share reached 52% in the first eight months of 2026. This figure represents an increase from 43% during the same period in 2025. The gain occurred despite a general decline in total U.S. electric vehicle sales as competitors scale back their offerings.
Tesla shares fell 1.57% in premarket trading.