Tesla (NASDAQ:TSLA) is set to launch in Saudi Arabia next month, marking its official entry into the Gulf region's largest market. The company announced the launch event will take place in Riyadh on April 10, showcasing its electric vehicles and solar-powered products.
While Tesla already operates in several Middle Eastern countries, this is its first foray into Saudi Arabia, where interest in sustainable technology is growing amid efforts to diversify the oil-dependent economy. The event promises a glimpse into the future with demonstrations of the autonomous Cybercab and Optimus, Tesla’s humanoid AI robot. However, no official sales date for these innovations in the kingdom has been confirmed.
This move comes as Tesla faces challenges elsewhere. In Europe, the company’s sales have dropped 42.6% year-over-year despite a rise in overall EV registrations, according to the European Automobile Manufacturers Association (ACEA). Meanwhile, in the U.S., Tesla has become a target of protests following CEO Elon Musk’s appointment as head of the Department of Government Efficiency. The role has sparked controversy due to significant job cuts and canceled federal programs, prompting activist-led “Tesla Takedown” demonstrations nationwide.
Previously, The Wall Street Journal reported early-stage talks between Saudi Arabia and Tesla about building a factory in the country—claims Musk publicly denied. Still, the kingdom remains a key player in the EV race through its sovereign wealth fund, which holds a major stake in Lucid Group (NASDAQ:LCID.O), a Tesla rival.
As Saudi Arabia pushes to position itself as a clean tech hub, Tesla’s entry could signal a major milestone in the region’s electric vehicle transformation.


Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S.
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 



