Adam Varga + 123 AV August 20, 2018 The Saudi Arabian sovereign wealth fund that Tesla Elon Musk has said could help him fund a $72 billion deal to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors. The talks between PIF and Lucid may not lead to a deal in the end but if they do, PIF could become a majority shareholder in Lucid for US$1 billion, jeopardizing the plans of Tesla’s chief executive Elon Musk to take the company private with the help of Saudi money. 1 Quote Share this post Link to post Share on other sites
Vlad Kovalenko + 115 VK August 20, 2018 It really make no sense from PIF side. Lucid is simply not profitable right now. Quote Share this post Link to post Share on other sites
Adam Varga + 123 AV August 20, 2018 Hard to say if this is a good decision or not, but if I had 60k to spend on a car that would be a top contender versus the already boring look of Model S or Model X. https://lucidmotors.com/ Quote Share this post Link to post Share on other sites
BlackTortoise + 103 CM August 20, 2018 If PIF is actively involved in leaking information on dealings or act convincingly about funding w/o the intend, SEC should really look in to it. PIF name is at the center of huge market volatility. Quote Share this post Link to post Share on other sites
Stormysaga + 62 AB August 20, 2018 It would be much much easier to buy an actual semi-startup and get more control, earlier, for less money, without all the baggage, debt and SEC investigations. 1 Quote Share this post Link to post Share on other sites
Rodent + 1,424 August 21, 2018 Now some Tesla shareholders are calling for Apple to buy a piece of Tesla instead of Saudi's PIF. http://fortune.com/2018/08/20/tesla-stock-plunge-reignites-speculation-acquisition-apple/ Quote Share this post Link to post Share on other sites
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