Saudi investment fund takes $1 billion stake in Lucid Motors
By feedback@highgearmedia.com (Eric C. Evarts) 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 …read more