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Saudi Interest in Lucid Motors Could Boost Tesla Competitor

Aug. 20, 2018, 7:05 PM

It’s an electric-car maker. It’s in the news. No, it’s not Tesla Inc.

Lucid Motors Inc., a startup co-founded 11 years ago by a Silicon Valley veteran, is in the spotlight following news reports over the weekend that Saudi Arabia’s sovereign wealth fund would be willing to invest $1 billion in it, possibly as an alternative to playing a key role in taking Tesla private.

Regardless of what the Saudi Public Investment Fund does with Tesla, its $250 billion war chest could get Lucid’s Air electric car into production.

“The Lucid Air is legitimate technology and...

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