Saudi Arabia’s sovereign fund eyes investment in Lucid Motors, report says
https://www.cnet.com/roadshow/news/saudi-arabia-pif-lucid-motors-investment-report/
Saudi Arabia's sovereign wealth fund, PIF, recently made headlines when Elon Musk said they would potentially provide the funding to take Tesla private. But they might be considering a separate investment with a different EV startup, too.
PIF is considering an investment in Lucid Motors, a privately held EV startup, Reuters reports, citing people familiar with the matter. Neither PIF nor Lucid Motors immediately returned requests for comment.
Saudi Arabia’s sovereign fund eyes investment in Lucid Motors, report says
Aug 20, 2018, 4:49pm UTC
https://www.cnet.com/roadshow/news/saudi-arabia-pif-lucid-motors-investment-report/
> Saudi Arabia's sovereign wealth fund, PIF, recently made headlines when Elon Musk said they would potentially provide the funding to take Tesla private. But they might be considering a separate investment with a different EV startup, too.
> PIF is considering an investment in Lucid Motors, a privately held EV startup, Reuters reports, citing people familiar with the matter. Neither PIF nor Lucid Motors immediately returned requests for comment.