Tesla will start sales in Saudi Arabia next month, electric machinery said on its website, signaled CEO Elon Musk and the Kingdom have healed a rift dating back to the billionaire’s short offer in 2018 to get private company.
Tesla trades in other Middle Eastern countries, but not in Saudi Arabia, the largest breast market market.
The dispute began when Musk Tweet in 2018 had “secured funds” to get private tesla after meeting the Sovran Sovereign Arabic property fund, the public investment fund.
This tweet eventually led to a trial by investors when an offer failed to materialize, during which tense messages with the text between Musk and Pif Yasir al-Rumayyan were made public.
Tensions have been facilitated since autumn when Musk took a high -profile role in President Trump’s election campaign and then the new administration.
Trump said this month he was likely to make his first trip abroad to Saudi Arabia after asking the Kingdom in January to spend $ 1 trillion in the US economy over four years, including military purchases.
The Tesla departure event in Riyadh, scheduled for April 10, will show EV and its products powered by solar energy, the post said.
“Experience the future of autonomous driving with Cybercab and meet Optimus, our humanoid robot, while we show what is another in him and robotics,” she added.
On April 11, she will open pop-up stores in Riyadh, Jeddah and Dammam, Tesla said in a later statement, adding that she will announce further details of her plans for Saudi Arabia in the coming weeks, with investments planned for 2025 and beyond.
Invitations to the departure event were asked guests to show which model of the Tesla car they were interested in.
Departure comes as Tesla has seen EV sales in Europe, blamed for Musk’s support for right -wing politicians, and the brand has been targeted by protesters in the United States to run comprehensive cuts for federal government.
In Saudi Arabia, EV sales have been slow, with a 2024 report by PWC consultants placing them in just 1% of all car sales.
EV from Chinese Giant Byd and Lucid -backed Lucid are already available in the Saudi market.
A month after Musk’s dispute came out in public, PIF announced a $ 1 billion investment plus in Lucid, becoming the majority investor in one of the EV beginnings that Tesla had to challenge.
PIF $ 925 billion has also invested in an EV internal brand that is not yet to start called CEER.
However, large gas bump vehicles remain a norm in the Saudi roads where fuel is cheap and EV charging infrastructure remains a rarity, making it passing its long desert roads almost impossible in an EV.
Heating connections
In one of the first signs of relationship improvement, Musk appeared along with Rumayyan and Trump in the rings places in a UFC art match in New York in November.
A few weeks ago, Musk had made a surprise appearance at the Riadi’s future investment initiative through the video link.
An American jury found in 2023 that Musk was not responsible for fraudulent investors when he tweetted funds were provided to get private tesla.
Musk testified that it was a pif who wanted to get private tesla when he posted that tweet, and a series of tense text messages between him and Rumayyan came out during the case.
“You’re throwing me under the bus,” Musk wrote in a text for Rumayyan, according to court documents.
Tesla sales in Europe have decreased 42.6% so far this year, data showed on Tuesday, even when the demand for EV increases.
Activists throughout the US have organized the so-called “Tesla Takedown” demonstrations on the role of Musk that runs the government efficiency department, which has reduced thousands of jobs, frozen foreign aid and canceled thousands of programs and contracts.
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