Regulation, Risk & Compliance
Sovereign wealth
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Saudi Wealth Fund to Invest $1 Billion in Tesla's Rival Lucid
Saudi Arabia’s sovereign wealth fund signed an agreement to invest more than $1 billion in aspiring electric-car maker Lucid Motors Inc., months after building a stake in Elon Musk-led Tesla Inc. The deal clinches crucial funding needed for Lucid to start making its first model, the Air sedan, in 2020….
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Click here to read the full story: Bloomberg