A planning note reported viewed by Reuters has indicated that Tesla CEO Elon Musk has been invited to a Saudi-U.S. investment forum in Riyadh, the capital of Saudi Arabia. The event is expected to be held on Tuesday.

Musk’s reported invitation comes on the sidelines of United States President Donald Trump’s visit to the Middle East.

Musk’s Invitation

As per Reuters, the upcoming investment forum is expected to be attended by some of the most distinguished people in the investment world. These include the CEOs of high-profile companies such as Blackrock, Citigroup, IBM, Boeing, Delta Airlines, American Airlines, and United Airlines, among others, the publication noted. 

Considering the other attendees of the event, Elon Musk would likely fit right thanks to his leadership of companies like Tesla, SpaceX, and xAI, as well as his close ties with the Trump administration through his work at the Department of Government Efficiency (DOGE).

Musk and Saudi Arabia

Elon Musk’s relationship with Riyadh have notably improved since the start of Trump’s second term as United States president. Highlighting this improvement was Tesla’s launch in Saudi, which was held in April. Tesla’s launch was a notable event based on videos posted of the occasion, with the company showcasing some of its most exciting products, including Optimus, the Cybertruck, and the Cybercab, its self-driving robotaxi.

Tesla’s launch in Saudi Arabia, as well as his reported invitation to the upcoming investment forum, suggests that the CEO’s feud with Yasir Al Rumayyan, head of the $925 billion Public Investment Fund, has ended. The PIF Head was among the people involved in Elon Musk’s infamous “funding secured” tweet in 2018, which resulted in hefty fines and his removal as Tesla’s Board Chair. The PIF also sold its Tesla holdings and invested in another EV company, Lucid Group Inc.

Tesla shares (NASDAQ:TSLA) are on a tear on Monday’s premarket amidst reports that the United States and China have agreed to significantly roll back tariffs on each other’s goods for an initial 90-day period.

As of writing, the premarket price of TSLA shares suggests that the electric vehicle maker might end Monday with a $1 trillion valuation once more.

Tesla and China

TSLA stock was up about 8% at $322.56 per share on Monday’s premarket. As noted in a report from Barron’s, these prices suggest that the company could achieve a trillion-dollar valuation again, a level not seen since late February. Similar to Tesla, the S&P 500 and the Dow Jones Industrial Average were also up 2.8% and 2.1%, respectively, on Monday’s premarket.

The United States and China’s decision to roll back its tariffs would likely be appreciated by CEO Elon Musk. Despite working for the Trump administration’s Department of Government Efficiency (DOGE), and despite Tesla being least affected by the Trump administration’s tariffs due to its strong domestic supply chains in the United States, China, and Europe, Musk has noted that he is a supporter of non-predatory tariffs.

The United States and China’s Agreement

In a joint statement from the United States and China posted on the White House’s official website, the two countries agreed to lower reciprocal tariffs on each other by 115% for 90 days. This means that the United States will temporarily lower its overall tariffs on Chinese goods from 145% to 30%, as noted in an ABC 12 report. China, on the other hand, will also lower its tariffs on American goods from 125% to 10%.

The talks were led by Chinese Vice Premier He Lifeng and Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, as per the joint statement. Bessent shared his thoughts about the matter in a comment in Geneva. “The consensus from both delegations is neither side wants to be decoupled, and what have occurred with these very high tariffs … was an equivalent of an embargo, and neither side wants that. We do want trade. We want more balance in trade. And I think both sides are committed to achieving that,” he said. 

A spokesperson from China’s Commerce Ministry also shared a statement about the matter. As per the spokesperson, the deal was an “important step by both sides to resolve differences through equal-footing dialogue and consultation, laying the groundwork and creating conditions for further bridging gaps and deepening cooperation.”

SpaceX’s Starlink launch in India is advancing as the Telecom Regulatory Authority of India (TRAI) recommends a five-year satellite spectrum allocation for commercial communication services. The move marks a pivotal step for Elon Musk’s plan to bring high-speed internet to the region.

TRAI’s proposal includes an option to extend the initial five-year spectrum allocation by two years, contingent on market dynamics. The telecom regulator also outlined a pricing structure, charging operators 4% of their adjusted gross revenue for geostationary orbit-based fixed and mobile satellite services. TRAI also set a minimum annual spectrum charge of 3,500 rupees ($41) per megahertz.

TRAI proposed an additional charge of 500 rupees (About $6.00) per subscriber annually in urban areas for non-geostationary orbit-based fixed satellite services. It exempted rural and remote regions from the same charge to boost accessibility. The recommendations align with Starlink’s push to launch services in India, following the Indian government’s conditional approval last week.

Elon Musk has advocated for longer spectrum allocation terms, urging New Delhi to allot spectrum for 20 years to focus on “affordable pricing and longer-term business plans,” as Starlink’s public submissions stated. However, TRAI opted for a shorter initial timeframe to monitor the sector’s growth, a decision influenced by earlier discussions reported Reuters.

Starlink’s market entry is bolstered by strategic partnerships. In March, Musk and Indian billionaire Mukesh Ambani signed a deal allowing Starlink devices to be sold in Ambani’s Reliance stores, leveraging a vast distribution network. The partnership followed a rivalry between the two billionaires.

Ambani’s telco subsidiary had lobbied for spectrum auctions to level the playing field in India’s broadband service market, a proposal Musk criticized for diverging from global practices. Meanwhile, Bharti Airtel, India’s No. 2 telco, secured a distribution deal with Starlink and supported a three-to-five-year license period. Bharti Airtel announced a partnership with Starlink before it received conditional approval from the Indian government.

As Starlink navigates India’s regulatory landscape, TRAI’s recommendations signal a balanced approach to fostering satellite broadband growth. With partnerships and regulatory hurdles clearing, Musk’s vision for affordable, high-speed internet could transform connectivity in India’s urban and rural areas, positioning Starlink as a key player in the country’s telecom evolution.