WASHINGTON: Tesla is launching its electric cars in Saudi Arabia as global sales decline and competition intensifies.
Saudi Market
Tesla plans to hold a launch event in Saudi Arabia on April 10.
Attendees will see Tesla’s latest AI and robotics innovations.
Saudi Arabia’s EV market remains small, with EVs under 1% of total sales.
The company may struggle to compete in the oil-rich kingdom.
Tesla is pushing its autonomous driving and AI technology.
Global Challenges
Tesla’s global sales dropped for the first time last year.
Competition from Chinese EV maker BYD is growing rapidly.
BYD reported higher annual revenue than Tesla in 2024.
BYD’s ultra-fast charging outperforms Tesla’s Superchargers.
Tesla faces declining demand in key markets like Europe and the U.S.
Sales Struggles
Tesla’s European sales dropped by 40% in February.
In the U.S., Tesla’s used car prices are falling.
Interest in other used EVs is growing while Tesla loses value.
Musk’s government role is affecting Tesla’s reputation.
Some buyers are turning away due to his controversial policies.
Public Backlash
Tesla showrooms and charging stations have been vandalized in the U.S.
The FBI created a task force to address violent attacks.
Protesters have peacefully demonstrated outside Tesla locations.
Demonstrators chant “Elon Musk has got to go” at protests.
Musk’s role in government is causing division among consumers.
Investor Concerns
Tesla shares have fallen 40% since reaching a peak in December.
Many investors are selling due to ongoing controversies.
The company must regain confidence to stabilize its market position.
Tesla’s success in Saudi Arabia is uncertain amid global struggles.
Future sales will determine whether expansion can offset declining demand.
