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Tesla launching in Saudi Arabia as Elon Musk, kingdom mend ties after funding fiasco

Tesla
New York Post Fews App News Provider
Fews App Post Time 5d ago

Tesla will start sales in Saudi Arabia next month, the electric carmaker said on its website, signaling CEO Elon Musk and the kingdom have healed a rift that dates back to the billionaire’s short-lived bid in 2018 to take the company private. Tesla trades in other Middle Eastern countries, but not in Saudi Arabia, the Gulf region’s largest market. The dispute started when Musk tweeted in 2018 he had “funding secured” to take Tesla private after meeting Saudi Arabia’s sovereign wealth fund, the Public Investment Fund.

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