In Saudi debut, Tesla faces desert heat, few chargers, but no Musk protests

Posted under: Tech Moves
Date: 2025-04-10
Tesla Breaks into Saudi Arabia's EV Market | Justo Global

Tesla launches in Saudi Arabia amid significant challenges, including a 559-mile highway between Riyadh and Mecca without charging stations and extreme temperatures affecting battery performance. Despite modest EV sales of 2,000 units in 2024, Saudi Arabia is investing $39 billion in EV development, targeting 30% adoption by 2030. Tesla's entry follows competitor BYD's 2024 debut and comes as the automaker faces a 13% drop in first-quarter sales globally. The launch signals improved relations between Elon Musk and Saudi Arabia's Public Investment Fund after previous tensions.

Read more at: finance.yahoo.com