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Saudi Arabia's sovereign wealth fund interested in Tesla rival - report
News
21st Aug 2018
2 min read

Saudi Arabia's sovereign wealth fund interested in Tesla rival - report

Saudi Arabia's Public Investment Fund (PIF) is reportedly in talks to make a significant investment in startup electric car maker Lucid. Sources, who have requested anonymity, have told Reuters the two parties have already drawn up a term sheet, which could see the sovereign wealth fund gaining a majority shareholding in the budding automaker.
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