Lucid Air completes a Laguna Seca lap in 1:41.67 or even quicker… Lucid Motors recently took the Lucid Air electric car on tests at the WeatherTech Raceway Laguna Seca and set a lap time of 1:41.67 on production 21-inch Pirelli P Zero PZ4 summer tires. The results are among the fastest for electric cars, just several […]
Tag: Lucid Motors
Saudi investment fund reportedly wants stake in Lucid Motors
The Saudi Arabian sovereign wealth fund may be planning to buy a stake in potential Tesla rival Lucid Motors, according to a Reuters report. Tesla CEO Elon Musk suggested last week that he had held talks with the same Saudi investment fund. The report …
Lucid Talking To Possible Tesla Investor?
Tesla is not the only EV company reportedly on Saudi PIF’s radar While the eyes of investors are turned towards Tesla and Elon Musk’s idea to take it private at $420 per share, the Saudi Arabian sovereign wealth fund – PIF – possibly linked to the Tesla transaction, appears to be looking around for other possibilities […]
Saudi Arabia may invest in Tesla rival Lucid Motors
PIF, the sovereign wealth fund of Saudi Arabia, who Elon Musk had banked on to help him taking Tesla private, is thinking to invest in Lucid Motors. The electric car startup is holding talks with PIF over a $1BN investment, Reuters quotes sources close to the matter. The news underscore the apparent appetite of Saudi […]
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