Reported 4 days ago
Tesla officially launched its operations in Saudi Arabia, showcasing the Cybertruck and Model Y in a high-profile event that signifies improved relations between CEO Elon Musk and the kingdom. Despite facing a 13% drop in global sales, Tesla aims to tap into the Saudi market as the country targets a 30% electric vehicle adoption rate by 2025. Local executives outlined plans for online vehicle ordering and building charging stations, but the kingdom still lacks adequate infrastructure, with no charging stations on major highways.
Source: YAHOO