Saudi Arabia’s Public Investment Fund (PIF) has cut its exposure to electric carmaker Tesla Inc. The move is a sign that the PIF is concerned about Tesla’s long-term profitability.
Eric Walz2019-01-28 11:32 PT
Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest over $1 billion in California-based luxury electric automaker Lucid Motors, a startup looking to rival Tesla with a ultra-luxurious car called the Air.
Eric Walz2018-09-17 11:13 PT
According to a Reuters report, the Saudi Arabia sovereign wealth fund is in talks to invest in luxury electric car startup Lucid Motors, people familiar with the matter said on Sunday. Sources told Reuters that the PIF and Lucid Motors have drawn up a term sheet under which PIF could invest more than $1 billion in Lucid Motors and obtain a majority ownership.
Eric Walz2018-08-20 12:13 PT
FutureCar Staff Feb 15, 2019 6:05 PM PT
Eric WalzFeb 15, 2019 12:13 PM PT
FutureCar Staff Feb 14, 2019 6:42 PM PT
FutureCar Staff Feb 14, 2019 3:52 PM PT