The Saudi State Investment Fund PIF puts a billion dollars in car manufacturer Lucid Motors. The investment is remarkable because the Saudis are also the lender of Tesla, a possible competitor of Lucid.
The support for Lucid was already in the air. With the money, the company must be able to bring its first car on the market in 2020, the Lucid Air. We are working on our own factory in the American state of Arizona.
The Saudi State Investment Fund PIF puts a billion dollars in car manufacturer Lucid Motors. The investment is remarkable because the Saudis are also the lender of Tesla, a possible competitor of Lucid.
The support for Lucid was already in the air. With the money, the company must be able to bring its first car on the market in 2020, the Lucid Air. We are working on our own factory in the American state of Arizona.