Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price ...

Chinese EV maker BYD is also already in the Saudi market, meaning Tesla faces competition from both BYD and Lucid Motors in ...

Get local news you need to know to start your day with NBC ... luxury EV company Lucid Motors since 2019. In 2023, Lucid opened its first car manufacturing facility in Saudi Arabia.

Crashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia's budget ... to start your day with NBC 6's News Headlines ...

Tesla, Inc. is debuting sales in Saudi Arabia, the oil-rich kingdom whose long desert highways are home to gas-guzzling SUVs — and where there are no chargers to be found for hundreds of miles.

Saudi Arabia is no stranger to EVs — its sovereign wealth fund, the Public Investment Fund, has been a majority stakeholder in U.S.-based luxury EV company Lucid Motors since 2019. In 2023 ...