Tip: Try a valid symbol or a specific company name for relevant results Tesla Is Expanding Into Vietnam to Capture Growing EV Demand. What This Actually Means for TSLA Stock. The above button links to Coinbase.
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Elon Musk, founder, CEO, and chief engineer of SpaceX, CEO of Tesla by Frederic Legrand - COMEO via Tesla (TSLA) has had a rough 2026. The stock is down about 20% year-to-date (YTD), falling from $458.34 on the first trading day of the year to $297.38 in late July. That is a decline of more than 27% from peak to trough.
Its much-publicized Cybercab launch also disappointed investors. Tesla launched the robotaxi service in Austin on Sept. 3 with only 45 vehicles registered in Texas. The stock then dropped nearly 6% the next day, wiping out its 5.4% pre-launch gain, after federal safety regulators opened an audit into about 1,000 steering-wheel-free vehicles.
Tesla's Model Y-based driverless ride service is still limited to seven U.S. metro areas. Against that backdrop, Tesla's quieter move into Vietnam may matter more over time. On Sept. 11, Tesla registered Tesla Motors Vietnam Limited Liability Company in Ho Chi Minh City.
The unit is licensed to import, distribute, and sell vehicles and parts. There is no sign of a local factory yet, so this looks like a sales and distribution setup for now. Still, it gives Tesla its first formal presence in one of Southeast Asia's faster-growing EV markets.
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