Tesla registers Vietnam subsidiary, enters EV market

Tesla registers Vietnam subsidiary, enters EV market

Mon, September 14, 2026 at 3:57 PM GMT+3 1 min read

• TSLA -1.11%

Tesla registered a new subsidiary in Vietnam, according to a business registration filing reviewed by Reuters, giving the U.S. electric vehicle maker a formal legal presence in the country.

The entity, Tesla Motors Vietnam Limited Liability Company, was set up on September 11 in Ho Chi Minh City and capitalized at 77.667 billion dong, or approximately $3 million. Its authorized business scope covers the buying and selling of cars, components, machinery and equipment, together with associated import, export and distribution operations, according to Reuters.

David Jon Feinstein, an American whose address is in Austin, Texas, is identified in the filing as chairman. Isabel Ching Fan holds the general director role, with Nguyen Manh Hung listed as assistant to the general director. Tesla did not respond to a request for comment, according to Reuters.

The Vietnam registration comes as Tesla has been navigating a complicated period in Asia more broadly. The company's Shanghai factory — its largest globally — shipped 93,579 vehicles at wholesale in July, a 37.85% year-on-year increase, though domestic China demand has declined for five consecutive quarters. Exports from the Shanghai plant have emerged as the primary growth driver, surpassing home-market sales in a single quarter for the first time in the second quarter of 2026.

Tesla has also faced questions about the long-term structure of its China operations. The Wall Street Journal reported that Tesla was weighing options to separate its China business — including a sale, spinoff, or closure — in anticipation of a potential merger with SpaceX. CEO Elon Musk denied the report, calling it "absurdly fake news," and a Tesla China representative called the report "false information," according to Bloomberg.