Tag: PIF

Jan 15, 2021 - 01:33 pm

Lucid Motors aims to go public via SPAC deal

Lucid Motors appears in talks to go public through a merger with a special purpose acquisition company (SPAC) belonging to investor Micheal Klein. The deal could be worth $15 billion (about €12.4Bn) for the electric vehicle maker.

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Feb 5, 2020 - 01:30 pm

Tesla Gigafactory in Texas?

Tesla plans to build another Gigafactory in the USA, possibly in Texas. Elon Musk indicated his considerations with a post on Twitter and US President Donald Trump had also hinted that Musk would build another factory in the USA.

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Aug 20, 2018 - 12:51 pm

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.

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Found on electrive.com
https://www.electrive.com/2021/01/15/lucid-motors-aims-to-go-public-via-spac-deal/
15.01.2021 13:11