Elon Musk's Tesla Starts Selling In Saudi Arabia Amid Declining Sales In Europe: Charging Network, Low Demand Could Be A Concern - Tesla (NASDAQ:TSLA)
1. Tesla begins sales operations in Saudi Arabia, signaling market expansion efforts. 2. Saudi Arabia aims to increase charging stations from 100 to 5,000 by 2030. 3. Challenges include slow EV adoption and inadequate charging infrastructure. 4. Public Investment Fund plans to produce 500,000 EVs by 2030, indicating market potential. 5. Musk's ties to Saudi officials could influence Tesla's long-term success in the region.