With the launch of its first showroom and service center in the Saudi capital, Riyadh, Tesla makes its long-anticipated entry into the Saudi market. The facility will offer models, including Model 3, ...

EVs accounted for just 1% of all car sales in the kingdom in 2024, according to PwC. Saudi Arabia is developing its own local EV manufacturing and has a majority stake in California-based EV maker ...

Riyadh: 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 ...

All in, Tesla is an industry heavyweight in a segment of the auto sector that is likely to see material growth for years to ...

Tesla Inc. (NASDAQ: TSLA) will begin sales in Saudi Arabia on April 10, 2025, showcasing its lineup of vehicles and humanoid ...

Saudi Arabia's sovereign wealth fund, PIF, now controls 60 percent of luxury electric vehicle company Lucid. It has also secured a deal with South Korea's Hyundai to establish a plant in the kingdom ...

Although the Saudi EV market remains small, it tripled last year to nearly 800 cars ... Arabia's sovereign wealth fund, PIF, now controls 60 percent of luxury electric vehicle company Lucid.

The PIF has made repeated cash infusions in Lucid as Saudi Arabia seeks to create its own domestic auto manufacturing hub and have EVs account for roughly a third of cars on the road by 2030.

The Riyadh event drew a large and diverse crowd — from content creators and car enthusiasts ... with Saudi Arabia. The kingdom’s Public Investment Fund is one of Lucid’s largest backers ...