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Saudi Arabia is opening its doors to Elon Musk at a critical time for Tesla

  • Tesla announced its launch in Saudi Arabia with a launch event scheduled for April 10 in Riyadh.
  • The event aims to showcase what's next in AI and robotics, including autonomous driving with Cybercab and meeting Optimus, a humanoid robot.
  • This development comes as Tesla is facing declining sales and a falling stock price, having lost its position as the world's top EV manufacturer.
  • Tesla's journey into Saudi Arabia holds significance as Elon Musk had a testy relationship with the country's sovereign wealth fund in the past.

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