Tesla is bringing its electric cars to oil-rich Saudi Arabia amid falling global sales [CNN]
Tesla, Inc. (TSLA)
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Source: CNN
company's global sales are sliding and CEO Elon Musk courts controversy with his role in the US government. The carmaker announced Wednesday that it would host a launch event in the kingdom on April 10, where it will showcase its EVs. Attendees will also have the chance to “experience the future of autonomous driving with Cybercab and meet Optimus , our humanoid robot, as we showcase what's next in AI and robotics,” Tesla ( TSLA ) said. Tesla may struggle to gain market share in oil-rich Saudi Arabia as EVs make up a little over 1% of all car sales in the country, according to a report by consultancy PwC published in September. Tesla's entry into the new market comes as the company fights battles on several fronts. Last year, it recorded t
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