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Saudi sovereign wealth fund pours $1 billion into Bay Area Tesla rival

Saudi sovereign wealth fund pours $1 billion into Bay Area Tesla rival

by admin | Sep 17, 2018 | NW Regional Business News

Lucid Motors Inc. said Monday that it’s getting a $1 billion investment from Public Investment Fund of Saudi Arabia (PIF) to help it produce its first electric cars it plans to roll out in competition with Tesla Inc. The Saudi fund is the same one that Tesla CEO...


 
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