Tesla opens first African subsidiary in Morocco, begins continent-wide expansion
Tesla has officially opened its first African office in Casablanca, Morocco, marking a strategic milestone in the company's global expansion plans.
Tesla has inaugurated its first African office in Casablanca, Morocco, as part of its global expansion strategy.
Operations include vehicle importation, sales, servicing, clean-energy solution distribution, and charging infrastructure management.
Tesla's leadership combines global expertise and local operational knowledge, emphasizing a tailored ecosystem approach.
The newly established subsidiary, Tesla Morocco, was legally incorporated on May 27, 2025, with an initial capital of MAD 27.5 million (approximately USD 2.75 million).
Located in the high-end Crystal Tower at Casablanca Marina, the office signals Tesla's long-term commitment to Morocco as both a regional hub and an entry point into the African market.
Prior to this move, Tesla had quietly laid the groundwork for its North African presence, having installed hybrid superchargers in Casablanca and Tangier in 2021. The network has since expanded to additional cities including Rabat, Fez, Marrakesh, and Agadir.
Tesla Morocco will oversee a wide range of operations, including vehicle importation, sales, servicing, and charging infrastructure. In addition to its automotive focus, the subsidiary will handle distribution of Tesla's clean-energy solutions such as solar panels, battery storage systems, and energy network services.
The office will also provide after-sales support, technical assistance, and staff training, indicating Tesla's intention to deliver a fully integrated ecosystem tailored to local needs.
Why Morocco? Tesla's strategic bet on Africa's renewable future
The subsidiary is jointly managed by Rafael Arqueza Martin and Shahin Oliver Khorshidpanah, with backing from Tesla International B.V. and Tesla Motors Netherlands B.V. The leadership structure highlights the company's strategy of combining global expertise with on-the-ground operational efficiency.
Tesla's decision to anchor its African operations in Morocco reflects the country's growing appeal as a clean-energy and automotive hub.
With an expanding renewable energy sector, an established car manufacturing industry, and progressive investment policies, Morocco offers Tesla a strong foundation for long-term growth. The move also aligns with Morocco's broader ambition to achieve carbon neutrality and foster high-tech economic development.
In April 2025, Tesla Chairman Elon Musk confirmed plans to build a factory near Kenitra. The plant is expected to follow the consolidation of Tesla's distribution and retail network, using Morocco as a springboard for further continental expansion.
With the Casablanca office now operational, Tesla has made its first concrete step into the African landscape offering a glimpse into a future where electric mobility and clean energy converge across the continent.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
an hour ago
- Business Wire
Best's Market Segment Report: Taiwan's Non-Life Insurance Premiums Continue to Increase Amid Underwriting Improvements
HONG KONG--(BUSINESS WIRE)--Taiwan's domestic non-life insurance premium continued to increase in 2024, growing 10.5% to reach TWD 278.5 billion (USD 9.2 billion), according to a new AM Best report. The Best's Market Segment Report, 'Taiwan Non-Life Segment's Operating Performance Supported by Tighter Underwriting Guidelines,' also notes that this segment's overall capital & surplus level has continued to improve and crossed the TWD 150 billion mark last year. The driving force of Taiwan's non-life segment remains motor insurance, particularly voluntary motor, which contributed close to half of the segment's direct written premiums in 2024, despite the slightly slower overall premium growth last year, partly due to subdued growth in new car sales during 2024 and through the first quarter of 2025. In order to bolster electric vehicle (EV) coverage, Taiwan's insurance regulator implemented standardised EV motor policy terms in the second half of 2024. 'However, the motor segment remains cautious over expanding in this product line while insurers continue to accumulate data and claims experience to aid pricing sophistication,' said James Chan, director, AM Best. The combined gross written premiums of AM Best's eight rated non-life insurers rose 10.6% to TWD 192.8 billion in 2024, similar to the market's growth of 10.5% reported by all 14 domestic non-life insurers. All rated entities achieved premium gains in 2024, driven by expansions in voluntary motor, travel insurance and commercial lines. According to the report, Taiwan's non-life insurance segment achieved significant improvement in operating profitability for 2023 and 2024. Notably, following a year of historically poor performance in 2022, the market achieved a profit turnaround in 2023, due to the release of pandemic insurance-related reserves and the efforts of non-life insurers to bolster underwriting guidelines. 'Company strategies have included non-renewing unprofitable policies, increasing rates, raising policy deductibles, or applying higher co-insurance percentages,' Chan said. 'These measures are aimed at passing on part of the rising reinsurance costs and potential future losses to policyholders. Insurers also have adopted a more proactive approach in offering risk advisory services and implementing loss prevention measures.' To access the full copy of this report, please visit
Yahoo
an hour ago
- Yahoo
Tesla blows past stopped school bus and hits kid-sized dummies in Full Self-Driving tests
A revealing demonstration with Tesla's Full Self-Driving mode is raising concerns about whether fully autonomous cars are ready to hit the streets. Tesla has reportedly pushed back the rollout of its upcoming all-electric, fully autonomous car called the Cybercab, while a recent demonstration in Austin, Texas showed a Tesla Model Y running through a school bus' flashing lights and stop signs, and hitting child-size mannequins. The tests were conducted by The Dawn Project, along with Tesla Takedown and ResistAustin, and showed Tesla's Full Self-Driving software repeating the same mistake eight times. It's worth noting that Tesla's autonomous driving feature is formally known as Full Self-Driving (Supervised) and "requires a fully attentive driver and will display a series of escalating warnings requiring driver response." Tesla even has a warning that says, "failure to follow these instructions could cause damage, serious injury or death." However, it's not the first time that Tesla's FSD software has found itself in hot water. The Dawn Project, whose founder Dan O'Dowd is the CEO of a company that offers competing automated driving system software, previously took out ads warning about the dangers of Tesla's Full Self-Driving and how it would fail to yield around school buses. In April 2024, a Model S using Full Self-Driving was involved in a crash in Washington, where a motorcyclist died. With anticipation building up for an eventual Cybercab rollout on June 22, the company's CEO posted some additional details on X. According to Elon Musk, Tesla is "being super paranoid about safety, so the date could shift." Beyond that, Musk also posted that the "first Tesla that drives itself from factory end of line all the way to a customer house is June 28."
Yahoo
2 hours ago
- Yahoo
Could Buying Tesla Stock Today Be the Smartest Decision You Make This Year?
Tesla stock has trailed the market for a few years now. Its electric vehicle business is declining. The company's new initiatives are risky and have no proven track record of success. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) is one of the best-performing stocks of the last 10 years, up close to 2,000% for shareholders and crushing the broad market averages. The last three years have been more painful. Still up 40%, Tesla has trailed the Nasdaq 100 Index's 88% cumulative return in the last three years, with struggles hitting the leader in electric vehicles (EVs) because of market share losses, shrinking margins, and recent product flops. Down around 14% this year, investors are beginning to doubt Elon Musk and Tesla stock again. This should have contrarian investors perked up at a potential buying opportunity as most shy away from the once winning stock. Would buying Tesla stock be the smartest decision you make this year to bet against these doubters? Let's dig into the numbers and investigate further. The bulk of Tesla's past stock performance has come from the growth of its EV division. Pioneering the industry, Tesla dominated new EV sales for a few years with its Model 3 and Y concepts, leading revenue to come close to $100 billion and operating income to soar past $10 billion. Now, these figures are all moving in the wrong direction. Last quarter, Tesla's total EV deliveries fell 13% year over year to 337,000, a trend that has occurred for many quarters now. Combined with falling selling prices, Tesla's automotive sales fell 20%, and total income from operations fell 66% year over year last quarter, wiping out a ton of Tesla's prior profitability. Over the last 12 months, Tesla posted $7 billion in operating income, down 50% from all-time highs. Trends in demand across China, Europe, and the United States seem to point to continued declines as well, with delivery estimates falling and used Tesla prices dipping while average used car prices rise, a forward indicator of demand for an automotive brand. Overall, Tesla's EV business is in a terrible spot in 2025, which is why investors are beginning to doubt the stock again. Tesla is more than just EV sales, though. At least, that is what CEO Elon Musk claims. The provocative and showman leader of Tesla has been hyping Tesla's developments in self-driving taxis, which means utilizing the cameras/sensors deployed on Tesla vehicles to autonomously drive cars for its customers. In the long run, Tesla hopes to build a self-driving taxi network similar to Waymo, although details are not clear today. First, Tesla needs to prove that this self-driving technology actually works. Elon Musk originally said it would debut a Tesla robotaxi in Austin on June 12 but has since revised this to June 22 while also claiming that a Tesla robotaxi will take a trip all the way from Austin to Los Angeles as well. While self-driving cars sounds exciting, Elon Musk has been claiming Tesla's technology is close to ready for a decade now. In 2017, he said a Tesla would drive itself from New York City to Los Angeles, and it never happened. Many critics of Tesla's approach to autonomous driving point to its use of cameras instead of LIDAR technology. Cameras are tricky to operate when there is bad weather. A robotaxi network has huge economic promise, not to mention a giant value proposition for society in the way of safer roads and automating a boring and time-consuming task. Sign me up. However, we already have a leading, self-driving company: Waymo. The taxi network does 250,000 weekly trips for customers and is growing at a blistering pace. It will take a herculean feat for Tesla to catch up to Waymo. Elon Musk may talk to the moon and back about Tesla's upcoming products that will take the stock to new heights. The reality on the ground is much different. The Cybertruck is a flop and burning money for the company, Optimus robots are years away from deployment, and self-driving technology has been a false promise for close to a decade. At the moment, Tesla is an EV manufacturer with falling sales, declining margins, and increasing competition globally. Its stock is not cheap either. At a trillion-dollar market cap, Tesla has a price-to-earnings (P/E) ratio of 178, which is pricing in huge earnings growth for the company when its earnings are currently moving in the completely wrong direction. This presents even more risk for shareholders today. Buying Tesla stock would not be a smart decision for investors this year. Its shares are overvalued and have major downside risk from here. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $368,190!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $37,294!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $653,702!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 9, 2025 Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Could Buying Tesla Stock Today Be the Smartest Decision You Make This Year? was originally published by The Motley Fool Sign in to access your portfolio