Tesla is launching sales in Saudi Arabia for the first time, following a launch event in Riyadh on April 10th, according to CNBC. The debut comes as Tesla seeks to offset falling sales in Europe and expand into new markets ahead of President Donald Trump’s expected visit to the region. S&P Global Mobility expects Tesla to sell up to 15,000 units in Saudi Arabia within two years, though competition from BYD and Lucid may intensify. Saudi Arabia plans to build 5,000 fast chargers nationwide by 2030.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla is launching sales in Saudi Arabia for the first time,
00:05following a launch event in Riyadh on April 10th, according to CNBC.
00:09The view comes as Tesla seeks to offset falling sales in Europe
00:11and expand to new markets out of President Donald Trump's expected visit to the region.
00:16SB Global Mobility expects Tesla to sell up to 15,000 units in Saudi Arabia within two years.
00:22Though competition for BYD and Lucid may intensify,
00:25Saudi Arabia plans to build 5,000 fast chargers nationwide by 2030.
00:30For all things money, visit Benzinga.com slash GSTV.