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September 17, 2018 05:43 pm GMT

Lucid Motors secures $1 billion from Saudi wealth fund to launch the Air

Saudi Arabia’s sovereign wealth fund is investing $1 billion into Lucid Motors, capital that will finance the commercial launch of the startup’s first electric vehicle. The agreement comes just six weeks after Tesla CEO Elon Musk tweeted that he was considering taking Tesla private at $420 a share and had secured the proper funding to […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MxOEs0SODe4/

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