Electric vehicle giant Tesla: Global strategy adjustment, investment prospects in Thailand uncertain
AshleyAug 14, 2024, 10:48 AM
According to a spokesperson for the Thai government, Tesla's investment plan in Thailand is still unclear. Despite the Thai government's active promotion of Tesla's investment locally and some progress, the future of this plan has become elusive due to adjustments in Tesla's global investment strategy and increasing market competition.
Tesla has stated that it is reassessing its investment plans globally to meet the challenges of slowing sales growth and increasing competition. The company will focus on production at existing factories, and has temporarily postponed investment in new factories in Mexico and India.
The Thai government had high hopes for Tesla's arrival. Thai Prime Minister Srettha Thavisin personally visited and met with Tesla CEO Musk, and invited Tesla executives to visit Thailand's industrial parks. However, recent media reports suggest that Tesla may abandon its investment plans in Thailand and Malaysia and only consider building electric vehicle charging stations in Thailand.
In response, the Thai government said that it has not yet received an official notice from Tesla and is still waiting for further news. Tesla also said that it is in talks with the Thai government team about the business plan.
Changes in Tesla's investment plan in Thailand reflect the complexity of the global electric vehicle market competition. On the one hand, the Thai government actively provides investment convenience for Tesla, hoping to promote the development of Thailand's electric vehicle industry with the help of Tesla's brand effect. On the other hand, Tesla is also adjusting according to market conditions and its own strategy.
If any infringement occurs, please contact us for deletion
Trending News
Honda Chief Engineer Goes Viral for Hairstyle, Formerly Led EV Dynamic Tuning
【PCauto】With a hairstyle that looks just like a character from a Japanese anime, Honda’s chief engineer Shotaro Odate has caught a lot of attention online. Back in May 2024, Japanese media first picked up on him because of his unusual look. Recently, Shotaro Odate has gone viral again, this time in China, where people are fascinated by his distinctive hairstyle and his role at Honda. With all the buzz, Honda China officially invited him to respond to the growing public interest on social media.
2026 Toyota Hilux Interior Unveiled, and It’s Giving Prado Vibes
【PCauto】Patent images and spec sheets of the 2026 Toyota Hilux have surfaced online, hinting at a major interior overhaul for the world’s best-selling pickup. While the new Hilux will stick with its proven mechanical platform, Toyota seems ready to shake things up inside the cabin. The refreshed Hilux is expected to hit Southeast Asian showrooms in the first half of 2026.
2025 Proton X50 Facelift Debuts with New 1.5L Four-Cylinder, Priced from RM89,800
【PCauto】Proton has officially unveiled the refreshed 2025 X50 compact SUV. The key change is a new 1.5L four-cylinder engine that replaces the previous three-cylinder across the entire lineup.
2025 Proton X50 launched for 5 days and has received 8,000 orders, with 999 units delivered
[PCauto] Malaysian automaker Proton officially launched the brand-new 2025 Proton X50 on July 24, 2025, gaining record-high market traction. This compact SUV achieved a record-breaking delivery of 999 units within just five days.
Perodua Ativa review: A B-Segment SUV with outstanding value for money
【PCauto】The Perodua Ativa is a B-segment SUV launched by Malaysian carmaker Perodua. Since its release in 2023, it has quickly become a popular model in the market thanks to its compact size, modern design, and rich features.
Popular Cars
Car Compare
Model Year
car model