Saudi Arabia increases stake in Lucid
Saudi Arabia can’t get enough of Lucid as it has put more money into the EV startup. The middle-eastern kingdom increased its investment by 9% in the last quarter, as revealed by SEC filings. The […]
Elon Musk testifies Saudis wanted to take Tesla private in 2018
Tesla CEO Elon Musk has been put on the witness stand again in the ongoing fraud trial concerning plans to take the company private. Musk is being sued by some investors over his allegedly false claim […]
Saudi Arabia sets up electric vehicle joint venture with Foxconn – Ceer
The EV industry often brings together multiple players through collaboration. Saudi Arabia and Foxconn are the latest, pairing up for an investment in electric cars. Lucid Motors committed to Saudi Arabia manufacturing facility as part […]
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