Topics

Posted 9/18/2023, 5:25:00 PM

Tesla Explores Opening Factory in Saudi Arabia, Seeks Mineral Supplies from Congo

Tesla is in early talks with Saudi Arabia to potentially open a factory there, according to sources cited by the Wall Street Journal.
Turkish President Erdogan has also asked Tesla CEO Elon Musk to build a factory in Turkey.
Musk met with Israeli Prime Minister Netanyahu in California on the same day.
Saudi Arabia is offering to help Tesla secure metal and mineral supplies from Congo that would be needed for EV production.
Saudi Arabia's sovereign wealth fund is a major investor in electric vehicle startup Lucid Motors, which aims to compete with Tesla.

reuters.com

Relevant topic timeline:

8/23/2023

Oil Updates — crude dips as markets await PMI releases, Jackson Hole

Saudi Arabia emerged as the top global export destination for Dubai Chamber of Commerce members in the first half of 2023, with exports valued at 35 billion dirhams ($9.53 billion), according to official data.

9/11/2023

Saudi Arabia Pursues Carbon Neutrality and Sustainable Growth Through Housing, Urban Planning, Tourism, and Industry

Saudi Arabia is actively seeking to exchange experience with nations worldwide to achieve carbon neutrality by 2060 and ensure sustainable development, with a focus on economic, social, and environmental sustainability.

9/16/2023

U.S. Engages Saudi Arabia to Ensure Oil Supply Stability Amid OPEC+ Output Cuts

The United States is in regular contact with Saudi Arabia to ensure a stable and affordable supply of energy to global markets, according to National Security Advisor Jake Sullivan. This comes as cuts in oil output by Saudi Arabia and Russia are expected to result in a significant market deficit.

9/18/2023

Tesla's Plans for New Factory Spurs Global Competition Between Turkey and Texas

Tesla is planning to build another factory and is being sought after by various locations around the world.

9/18/2023

Elon Musk Denies Tesla in Talks With Saudis for EV Facility Despite Reported Metal Supply Interests

Tesla CEO Elon Musk denies a Wall Street Journal report claiming that the company is in early discussions with Saudi Arabia about establishing a manufacturing facility in the country, calling it another false article.

9/18/2023

Musk in Talks to Open Tesla Factory in Saudi Arabia, Raising Concerns Over Regime's Potential Twitter Influence

Tesla CEO Elon Musk is reportedly discussing opening a new manufacturing facility in Saudi Arabia, potentially helping the company reach its goal of selling 20 million vehicles per year by 2030.

9/28/2023

Saudi Arabia Makes Ambitious Bet on Electric Vehicles Despite Major Obstacles

Saudi Arabia is ramping up its efforts to become a major player in the electric vehicle (EV) industry, with plans to manufacture 500,000 EVs per year by 2030, but the country still faces significant obstacles such as high costs, limited industrial base, and competition from other countries already established in the auto sector.

10/11/2023

Saudi Arabia Launches $300 Million Electricity Link With Iraq, Boosting Regional Power Grid Integration

Saudi Arabia has launched a Gulf electricity market project with Iraq, which will enable the exchange of electricity between the two countries and could result in energy sales reaching up to $300 million annually. The initiative also aims to expand to other Gulf Cooperation Council (GCC) countries, with plans underway to connect Kuwait, UAE, and Oman, as well as exploring partnerships with Jordan and Egypt.

10/15/2023

What3words Sees Major Growth Potential in Saudi Arabia for E-Commerce, Logistics and Tourism

Saudi Arabia is considered an exciting destination for e-commerce, logistics, and tourism, attracting global navigation company what3words, which sees the kingdom as a gateway to the region and expects more deals to be signed in the coming months in various sectors such as real estate, logistics, and car manufacturing.

Topics

Posted 9/18/2023, 5:25:00 PM

Tesla Explores Opening Factory in Saudi Arabia, Seeks Mineral Supplies from Congo

Tesla is in early talks with Saudi Arabia to potentially open a factory there, according to sources cited by the Wall Street Journal.
Turkish President Erdogan has also asked Tesla CEO Elon Musk to build a factory in Turkey.
Musk met with Israeli Prime Minister Netanyahu in California on the same day.
Saudi Arabia is offering to help Tesla secure metal and mineral supplies from Congo that would be needed for EV production.
Saudi Arabia's sovereign wealth fund is a major investor in electric vehicle startup Lucid Motors, which aims to compete with Tesla.

reuters.com

Relevant topic timeline:

8/23/2023

Oil Updates — crude dips as markets await PMI releases, Jackson Hole

9/11/2023

Saudi Arabia Pursues Carbon Neutrality and Sustainable Growth Through Housing, Urban Planning, Tourism, and Industry

9/16/2023

U.S. Engages Saudi Arabia to Ensure Oil Supply Stability Amid OPEC+ Output Cuts

9/18/2023

Tesla's Plans for New Factory Spurs Global Competition Between Turkey and Texas

Tesla is planning to build another factory and is being sought after by various locations around the world.

9/18/2023

Elon Musk Denies Tesla in Talks With Saudis for EV Facility Despite Reported Metal Supply Interests

9/18/2023

Musk in Talks to Open Tesla Factory in Saudi Arabia, Raising Concerns Over Regime's Potential Twitter Influence

Tesla CEO Elon Musk is reportedly discussing opening a new manufacturing facility in Saudi Arabia, potentially helping the company reach its goal of selling 20 million vehicles per year by 2030.

9/28/2023

Saudi Arabia Makes Ambitious Bet on Electric Vehicles Despite Major Obstacles

10/11/2023

Saudi Arabia Launches $300 Million Electricity Link With Iraq, Boosting Regional Power Grid Integration

10/15/2023

What3words Sees Major Growth Potential in Saudi Arabia for E-Commerce, Logistics and Tourism