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Tesla’s Most Credible Rival Raises $1 Billion from Saudi Arabia

September 17th, 2018

Via: Ars Technica:

Lucid Motors, the electric car startup we described as Tesla’s most credible rival last year, got a shot in the arm on Monday as Saudi Arabia’s sovereign wealth fund announced a $1 billion investment. The company aims to bring its first car to market in 2020.

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