US EditionTesla launches in Saudi Arabia with its first showroom and service center in Riyadh
- Tesla has launched its first showroom and service center in Riyadh, Saudi Arabia, marking its entry into the market.
- The Public Investment Fund has been a majority stakeholder in Lucid Motors since 2019, which opened its first manufacturing facility in Saudi Arabia in 2023.
- Saudi Arabia aims to transition 30% of vehicles in Riyadh to electric by 2030 as part of its Vision 2030 campaign to reduce oil reliance.
- S&P forecasts that 10,000 to 15,000 Tesla units will be sold in Saudi Arabia within two years.
62 Articles
62 Articles
Tesla officially started operations in Saudi Arabia on Thursday, in a new chapter of the company's global expansion following Elon Musk's complicated relationship with the kingdom.
Tesla debuts in Saudi Arabia
Tesla has officially launched in Saudi Arabia, marking a pivotal move into the Gulf’s largest economy as the electric vehicle (EV) pioneer grapples with falling global sales and stiff competition from Chinese and local manufacturers. The California-based automaker debuted in the kingdom with a launch event in Riyadh on 10 April, followed by the opening of temporary showrooms in Riyadh, Jeddah, and Dammam. The expansion comes just ahead of a plan…
Tesla opens first showroom in Saudi Arabia
The Tesla electric vehicle company owned by billionaire Elon Musk on Thursday opened its first showrooms in oil-rich Saudi Arabia - where hybrid cars remain a rare sight. The opening of showrooms in the capital Riyadh, Jeddah and Dammam comes as Tesla global sales fall. Showrooms in the United States have been attacked, reportedly because of links between Musk, the world's richest person, and US President Donald Trump. The company's share price …
Tesla launches in Saudi Arabia with its first showroom, service centre in Riyadh
Riyadh: Tesla has officially launched in Saudi Arabia, marking a new chapter in the company’s global expansion after Elon Musk’s troubled relationship with the kingdom — but the Middle East country’s extreme heat could pose a challenge for its electric vehicle performance and battery efficiency. Musk and Saudi Arabia have had a complicated history. Back in 2018, the Tesla CEO claimed he had secured funding from the kingdom’s sovereign wealth fun…
Tesla opens first showroom in oil-rich Saudi Arabia
Naseem Akbarzada, Tesla country manager for Saudi Arabia, hailed the start of a 'long-term presence' on Thursday. Meanwhile, showrooms in the US have been attacked, with sales slumping ever since billionaire owner Elon Musk got involved with the Trump administration.
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