Tesla of world’s richest person Elon Musk sets up Vietnam company
Electric vehicle maker Tesla has established its Vietnam entity, Tesla Motors Vietnam, with a charter capital of VND77.6 billion (US$3 million).
Elon Musk, the world's richest person, has established a new company in Vietnam to distribute Tesla automobiles. The company, Tesla Motors Vietnam, was officially registered on September 11th and is legally based in Ho Chi Minh City.
David Jon Feinstein, a 48-year-old U.S. citizen and former senior Tesla executive, serves as the company's chairman. Isabel Ching Fan, a 61-year-old American citizen and also a former Tesla executive, holds the position of CEO. Nguyen Manh Hung, a 43-year-old resident of Ho Chi Minh City, is the third legal representative.
Tesla, founded in 2003 and headquartered in Texas, has not yet disclosed its specific plans for operating in the Vietnamese market. The company's primary business will be the wholesale of automobiles and motor vehicles.
Interestingly, a similar development is underway in another sector. SpaceX, a company owned by Musk, has also set up a legal entity in Vietnam under the name Starlink Services Vietnam Co., Ltd. This company specializes in satellite telecommunications and has a charter capital of VND30 billion.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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