Lucid Motors announced yesterday that it will receive a $1 billion investment from the Saudi Arabian public investment fund. Lucid is a Silicon Valley-based electric car builder working on a direct competitor to the Tesla Model S. In August, Tesla chief executive Elon Musk suggested that he had held talks with the same Saudi investment fund about... Saudi investment fund takes $1 billion stake in Lucid Motors
Lucid Motors announced yesterday that it will receive a $1 billion investment from the Saudi Arabian public investment fund. Lucid is a Silicon Valley-based electric car builder working on a direct competitor to the Tesla Model S. In August, Tesla chief executive Elon Musk suggested that he had held talks with the same Saudi investment fund about...