This Is the Tesla Rival That’s Wooing the Saudis - Bloomberg:
It’s an electric-car maker. It’s in the news. No, it’s not Tesla Inc.
Lucid Motors, 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.
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