• Tesla is officially entering the Saudi Arabian market, signaling the end of a long-standing feud between Elon Musk and Yasir Al Rumayyan, head of the Public Investment Fund. The company plans to showcase its vehicle lineup, including prototypes of the Cybercab and the humanoid robot Optimus, at a launch event in Riyadh. This move comes as Tesla seeks to expand its global footprint, particularly in regions with growing demand for electric vehicles, despite the current low sales figures in the kingdom.

• The entry into Saudi Arabia is a strategic pivot for Tesla, especially as it faces challenges in other markets, including a recent slump in sales and brand reputation issues. The company has not disclosed detailed plans for its operations in Saudi Arabia, but the establishment of at least one showroom indicates a commitment to building a presence in the region. This expansion could potentially enhance Tesla's market position and provide a new revenue stream amid ongoing challenges in its core markets.