Tesla enters Thailand with two models going head-to-head against Japanese rivals
Tesla $Tesla Motors(TSLA)$ launched two electric vehicle models in Thailand on Wednesday to compete directly for the first time with Japanese manufacturers and other Asian car makers in the nation.
Tesla's (TSLA) entrance into Thailand follows an initiative by the government for at least 30% of vehicles produced in the country to be electric by 2030.
The two electric vehicles launched by Tesla will be priced in a range of $48.5K to $71.2K or 1.7M baht to 2.5M baht in local currency. The electric vehicle giant plans to start selling its EVs in Thailand through online channels, with deliveries scheduled to begin early in 2023. Tesla (TSLA) will open its first service center and Supercharger station in Thailand by March.
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