Lucid Motors confirmed Thursday that it has completed the sale of a $1 billion stake to Saudi Arabia, specifically the Middle Eastern country's Public Investment Fund (PIF). Saudi Arabia's PIF also owns 5 percent of Tesla, CEO Elon Musk revealed last August. Details of the deal with Lucid haven't been announced but it is thought to have been for a...
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Thursday, April 4, 2019
Lucid sells $1B stake to Saudi Arabia, plans production of Air sedan in 2020
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