Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Tesla Posts New Job Ads Signaling Entry to Singapore

Published 09/22/2020, 02:09 AM
Updated 09/22/2020, 03:18 AM
© Bloomberg. The Tesla Inc. logo is displayed on a Model S electric vehicle sitting in the window of one of the company's showrooms in Beijing, China, on Friday, May 10, 2019. Beijing has vowed to retaliate after U.S. President Donald Trump followed through with his threat to raise tariffs Friday on $200 billion of Chinese imports to 25% from 10% percent. Photographer: Giulia Marchi/Bloomberg
MBGn
-
LNKD
-
TSLA
-

(Bloomberg) -- Tesla (NASDAQ:TSLA) Inc. posted fresh job ads for roles based in Singapore, signaling Elon Musk’s electric-vehicle maker is preparing to set up shop in the wealthy city-state it has so far skirted.

The car manufacturer is looking for senior developers in Singapore, according to job postings on LinkedIn (NYSE:LNKD), which didn’t disclose how many people are sought. In July, Tesla began advertising for positions such as store leader and sales advisers in the city.

A Tesla representative in Beijing declined to comment.

Musk has previously criticized Singapore for not being supportive of electric vehicles, and Tesla hasn’t got any showrooms in the city whose premium-car market is dominated by brands such as BMW AG and Daimler (OTC:DDAIF) AG’s Mercedes-Benz. The California-based company has been quick to expand in other major Asia-Pacific metropolitan markets, including Hong Kong, Sydney, Tokyo and Taipei.

Singapore said this year it plans to phase out fossil fuel-powered vehicles by 2040, planning to add incentives to encourage consumers to buy electric cars. The island state has been relatively slow to adopt EVs and Musk said on Twitter in January 2019 that the government was unwelcoming.

Tesla plans to ship cars made at its new Shanghai factory to other countries in Asia, including Singapore, people familiar with the matter said this month. Shipments could start as soon as the end of this year or early 2021, according to the people.

©2020 Bloomberg L.P.

© Bloomberg. The Tesla Inc. logo is displayed on a Model S electric vehicle sitting in the window of one of the company's showrooms in Beijing, China, on Friday, May 10, 2019. Beijing has vowed to retaliate after U.S. President Donald Trump followed through with his threat to raise tariffs Friday on $200 billion of Chinese imports to 25% from 10% percent. Photographer: Giulia Marchi/Bloomberg

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.