Tesla will sell electric cars in the Middle East

0
106
Elon Musk in 90 seconds

Elon Musk in 90 seconds

Tesla brings its electric cars to the heart of the oil producing world.

The automaker announced on Monday that its first official company in the Middle East will be in the United Arab Emirates.

The first cars – the Model S and Model X – will hit the streets this summer.

"The timing seems to be good to make a really significant debut in this region from Dubai." Tesla (TSLA) CEO Elon Musk said at the world government summit in Dubai.

Tesla owners will have access to two existing charging stations in the UAE, and Telsa plans to open five more by the end of the year.

Although the United Arab Emirates have huge oil and gas reserves, they have ambitious plans to become environmentally friendly. Last month it was announced that it would invest $ 163 billion to promote the use of alternative energy in the next three decades.

Related: Tesla reveals what it charges for a fee

It's the latest in a series of expansion announcements for Tesla. Musk hinted last week that Tesla could be coming to India soon.

Musk has also drawn up plans for the construction of "heavy-duty trucks and high-density city traffic" and has developed a hail network that might resemble Uber.

The entrepreneur explained the future of robotics in Dubai.

"We will see how autonomy and artificial intelligence increase enormously," said Musk. "In probably 10 years from now, it will be very unusual to build cars that are not fully autonomous."

See also: Elon Musk's surprising secret weapon: Trump?

He also warned of the "disturbing" nature of autonomous vehicles.

"This disorder I'm talking about will last for 20 years. Still, 20 years is a short period of time to make about 12 to 15% of the workforce unemployed."

Musk says governments need to pay close attention to artificial intelligence, create sustainable transport, and guard against mass unemployment.

"This will be a massive social challenge. Ultimately, we have to think about universal basic income. I don't think we have a choice," he said. "There will be fewer and fewer jobs that a robot cannot do better."

– Seth Fiegerman contributed to the reporting.

CNNMoney (Dubai) First published on February 13, 2017: 11:06 a.m.ET