Tesla launches in Saudi Arabia amid Chinese competition and tumbling sales [MSNBC.com]
Lucid Group, Inc. (LCID)
Company Research
Source: MSNBC.com
In this articleTesla CybertruckCourtesy: TeslaTesla, Inc.The American electric vehicle maker is hoping that success in neighboring countries like the United Arab Emirates and a small but growing pool of buyers of electric vehicles (EV) in the region are a positive sign of future demand.The timing is also notable — Tesla will hold its launch event in Riyadh on April 10, then open pop-up stores in Riyadh, Jeddah, and Dammam on the April 11. That is ahead of a widely anticipated visit by U.S. President Donald Trump to Saudi Arabia, the United Arab Emirates, and Qatar expected to take place in April, although it has not yet been officially confirmed.It also comes as the carmaker facesplummeting sales"Explore our global bestselling lineup and step into a world powered by solar energy, sustained by batteries, and driven by electric vehicles," a statement announcing the launch on Tesla's website read. "Experience the future of autonomous driving with Cybercab, and meet Optimus, our humanoid
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