logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • smLoan.SME_LOANS
  • finTechHub
  • News
LoginRegister
  • english iconenglish
  • english iconarabic
  1. Mubasher News
  2. Tesla officially launches in Kingdom with 1st showroom in Riyadh

Tesla officially launches in Kingdom with 1st showroom in Riyadh

GHADA.ISMAIL
Apr 13, 2025
Launch in Riyadh follows years of anticipation and comes amid Kingdom’s EV push under Vision 2030

Riyadh – Sharikat Mubasher: Tesla opened its first showroom and service center in Riyadh on Thursday, marking its long-awaited entry into the Saudi market.

The launch, which also includes pop-up stores in Jeddah and Dammam, comes years after a rocky history between CEO Elon Musk and the kingdom, notably following the failed 2018 deal to take Tesla private with support from Saudi Arabia’s Public Investment Fund, as reported by the Associated Press.

The new facility will offer Tesla’s Model 3, Model Y, and the highly anticipated Cybertruck. Despite the region’s intense heat and limited charging infrastructure, enthusiasm at the launch event was high.

Saudi Arabia aims to make 30% of all vehicles in Riyadh electric by 2030 as part of Vision 2030, and the government is working to expand EV charging networks. While challenges remain, Tesla’s entry signals growing momentum in the Kingdom’s electric vehicle ambitions.

Lucid Motors, a Tesla rival backed by Saudi Arabia’s PIF, is also expanding locally with a factory in Jeddah.

Tags

Tesla
launch
Saudi Arabia
Share

Attract clients with your ad

Start Now

Trending

viAct closes $7.3mn series A round to expand in Saudi Arabia
MUBASHER.SA
Zamil Industrial invests SAR 150 mn to enhance operations
MUBASHER
26 Hub71 startups join Google for Startups accelerator program
MUBASHER
Velents AI teams up with Purity Tech to develop innovative AI products
MUBASHER.SA
Aramco’s Prosperity7 fund invests in $100mn Series A funding for TensorWave
MUBASHER.SA

Related News

Private Equities News
Calendar Icon
May 15, 2025
Zamil Industrial invests SAR 150 mn to enhance operations
Read More
Private Equities News
Calendar Icon
May 15, 2025
26 Hub71 startups join Google for Startups accelerator program
Read More
Private Equities News
Calendar Icon
May 15, 2025
Velents AI teams up with Purity Tech to develop innovative AI products
Read More
Private Equities News
Calendar Icon
May 15, 2025
Aramco’s Prosperity7 fund invests in $100mn Series A funding for TensorWave
Read More
Private Equities News
Calendar Icon
May 15, 2025
HUMAIN, AWS invest over $5bn to build AI Zone in Saudi Arabia
Read More
Private Equities News
Calendar Icon
May 15, 2025
SDAIA pacts with US tech giants to reshape AI future in Kingodm
Read More
Private Equities News
Calendar Icon
May 15, 2025
PIF, Neuberger Berman launch $6bn investment program
Read More

newsLetter.widgetTitle

newsLetter.description

validationMsg.emailRequired
validationMsg.validEmail

footerDesc

  • Home
  • Companies
  • Investors
  • finTechHub
  • Opportunities
  • News
  • ContactUs
  • Sitemap
copyRight