Tesla Inc. has recently listed Tesla Sdn. Bhd. as one of its subsidiaries in the FY2022 annual report filing to the U.S. Securities and Exchange Commission (SEC). The screenshot of the filing has been circulated among local netizens which naturally caused some excitement but believe it or not, Tesla has actually been in Malaysia for the past few years.
Just that the company did not originally enter Malaysia to launch its electric car. Instead, its Malaysian journey started in 2017 with the establishment of Tesla Services Sdn. Bhd. all the way up north in Penang.
Despite that, Tesla Services Sdn. Bhd. continued to appear on Tesla Inc.’s annual report until FY2021 as its Malaysian subsidiary. In October 2022, the company then submitted a notification to SSM to inform them of the change in its business nature.
- Wholesale and retail of new motor vehicles
- Other service activities incidental to land transportation n.e.c
- Maintenance and repair of motor vehicles
A few days later on 21 October 2022, Tesla Services Sdn. Bhd. then officially changed its name to just Tesla Sdn. Bhd. That was the very name that ended up in Tesla Inc’s FY2022 annual report filing to SEC on 31 January 2023.
Nevertheless, it is quite hard to ignore the recent changes that Tesla has made to its sole Malaysian subsidiary. Even though the changes were just involving some regulatory documents.
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