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bloomberg.comSaudi Invests More Than $1B in Electric Vehicle Maker LucidSaudi Arabia has agreed to invest more than $1B in electric car startup Lucid. This comes just weeks after it emerged that the kingdom's public investment fund had built a stake in Tesla. Bloomberg's Matthew Martin reports on "Bloomberg Markets: European Open." (Source: Bloomberg)
techcrunch.comLucid Motors secures $1 billion from Saudi wealth fund to launch the AirSaudi Arabia’s sovereign wealth fund is investing $1 billion into Lucid Motors, capital that will finance the commercial launch of the startup’s first electric vehicle. The agreement comes just six weeks after Tesla CEO Elon Musk tweeted that he was considering taking Tesla private at $…
mudabure.comSchools find one simple answer to attendance problem: washing machinesUpdate: Research from the 2016-17 school year shows that high-risk students attended school nearly two more days a month while participating in the laundry program and that almost all of the participating high-risk students raised their attendance rates to 91% during the program. More than 1,000 school representatives — from all 50 states and as far away as Saudi Arabia, Ireland, and South Africa — have reached out to Whirlpool and requested to join the program since it launched. Remember middle school? Remember how everything could be mortifying, especially if you didn't have the right brand of jeans or that15
omgnews.todaySaudi's PIF Invests More Than $1 Billion in Electric Carmaker Lucid MotorsBy Tom Arnold DUBAI (Reuters) Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest more than $1 billion in Lucid Motors, adding to the emerging competition facing U.S. electric vehicle maker Tesla Inc. The funding will enable Silicon Valley-based Lucid to achieve the commercial launch of its Lucid Air electric vehicle in 2020, PIF …
bloomberg.comSaudi Arabia Is Comfortable With Brent Oil Above $80Saudi Arabia is now comfortable with Brent oil prices rising above $80 a barrel, at least in the short term, as the global market adjusts to the loss of Iranian supply from U.S. sanctions, according to people familiar with the kingdom’s view.
bloomberg.comSaudi Arabia Is Comfortable With Brent Oil Above $80Saudi Arabia is now comfortable with Brent oil prices rising above $80 a barrel, at least in the short term, as the global market adjusts to the loss of Iranian supply from U.S. sanctions, according to people familiar with the kingdom’s view.1
jalopnik.comLucid Motors Confirms $1 Billion Investment from Saudis, Plans First Electric Car for 2020As Elon Musk’s haphazard bid to take Tesla private quickly unraveled last month, the CEO disclosed that he believed Saudi Arabia’s Public Investment Fund could finance the proposal on its own. Then, amid the firestorm, news broke that the Saudis actually intended to dump $1 billion into Tesla rival Lucid Motors. On Monday, Lucid and the Saudis made it official.