The Thai auto market is expected to expand 3% this year after seeing negative growth in 2023. Shares of Tesla ( TSLA ) fell 1.47% in premarket trading on Monday.

Almost as an aside deep within the article it was mentioned that Tesla has decided to shift production of their battery packs from a factory in Thailand to their home base in San Carlos California.

a spokesperson from Thailand's prime minister's office, said that electric vehicle (EV) maker Tesla and the Thai government are discussing a potential production facility in the country.

Yesterday, a Thai online news portal, quoting an anonymous source in the government, reported that Tesla has scrapped plans to set up factories in Malaysia, Thailand, and Indonesia. The Nation ...

Southeast Asia's market of more than 600 million consumers is increasingly a focus for automakers looking to expand sales, especially of electric vehicles.

The Philippines is Tesla’s fourth market in Southeast Asia, following Singapore, Thailand and Malaysia.