RIYADH: Saudi Arabia is in discussions with Tesla regarding potentially establishing a production facility within the Kingdom, the Wall Street Journal reported, citing unnamed sources.
This initiative is part of Saudi efforts to secure essential metals for electric vehicles.
Such a move would represent a development in the relationship between between Tesla CEO Elon Musk and the Saudi government.
Additionally, the Kingdom has an existing partnership with Lucid Group, a direct competitor of Tesla in the electric vehicle market.
The proposed deal is expected to align with the Kingdom’s efforts to reduce its economic reliance on oil. However, it is still in its preliminary stages and may not necessarily materialize, WSJ reported.
Source: Arab News
