KeithBinns
Electric vehicle maker Tesla (NASDAQ:TSLA) plans to double the number of dealerships in Japan by the end of 2026. The upcoming dealerships will all be managed directly by Tesla (NASDAQ:TSLA). Many of the new dealerships are set to be located in shopping and business centers to improve EV accessibility for consumers.
Tesla (TSLA) aims to have dealerships in 30 locations by the end of the year, then expand to 50 locations in 2026. Tesla (TSLA) is reportedly considering a target of 100 for later.
Tesla (TSLA) has seen higher sales growth rates in Japan this year even as it has struggled in Europe and the United States to match the sales levels of 2024.
Shares of Tesla (TSLA) were down 0.7% at 1:11 p.m. The EV stock is down 3.9% over the last six weeks. The Austin-based company is lined up to issue its second-quarter earnings report on July 23.