The electric automaker is reportedly in talks to build a new manufacturing facility in the oil-rich nation, according to Wall Street Journal. But any deal would need to overcome a lot of hurdles, including Elon Musk’s contentious relationship with the Saudis (they declined to take Tesla private back in 2018) and the country’s majority stake in rival EV maker Lucid Motors. Much of the talks seem to center on Saudi Arabia’s desire for Tesla’s help securing more cobalt from Africa, which has been linked to human rights abuses. All in all, a tangled mess of foreign relations, late stage capitalism, and bruised billionaire egos!
[The Wall Street Journal]