Tesla is expanding into Saudi Arabia, according to Barron's. The company plans to host a launch event in April, signaling growth opportunities in the Middle East. The move comes after Saudi-backed funds tried to buy Tesla in 2018. CEO Elon Musk's infamous "funding secured" tweet led to a $40 million settlement with the SEC. Tesla’s valuation has soared from around $60 billion in 2018 to approximately $850 billion today.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02As well as expanding into Saudi Arabia, according to Barron's, the company plans to host
00:06a launch event in April, signaling growth opportunities in the Middle East.
00:10Move comes after Saudi-backed funds tried to buy Tesla in 2018.
00:14CEO Elon Musk's infamous funding-geared tweet led to a $40 million settlement with the SEC.
00:20Tesla's valuation has soared from around $60 billion in 2018 to approximately $850 billion today.
00:26For all things money, visit Benzinga.com slash GSTV.