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Lucid In Talks With Saudi Arabia"s Sovereign Wealth Fund For EV Factory, Governor Confirms

Lucid Motors is in talks with Saudi Arabia’s sovereign wealth fund to build an electric vehicle manufacturing facility in the country, the fund’s Governor Yasir Al-Rumayyan told the Financial Times. read more.....»»

Category: blogSource: benzingaJan 25th, 2021

Saudi Arabia is talking to an electric-car maker about a deal — and it"s not Tesla

Business Insider/Justin Gmoser Saudi Arabia's sovereign wealth fund is in talks to invest in Californian electric car maker Lucid Motors. L.....»»

Category: topSource: businessinsiderAug 20th, 2018

Musk says Saudi fund pushed for two years to take Tesla private

Saudi Arabia's sovereign wealth fund has been pushing to take electric carmaker Tesla private in talks with Chief Executive Elon Musk dating back nearly two years and also backed the deal last week, Musk said in a blog post on Monday......»»

Category: topSource: reutersAug 13th, 2018

Musk says Saudi fund pushed for two years to take Tesla private

Saudi Arabia's sovereign wealth fund has been pushing to take electric carmaker Tesla private in talks with Chief Executive Elon Musk dating back nearly two years and also backed the deal last week, Musk said in a blog post on Monday......»»

Category: topSource: moneycentralAug 13th, 2018

Musk says Saudi fund supports Tesla buyout, talks continue

Tesla Chief Executive Elon Musk said on Monday he was still in talks with potential backers of a possible buyout of the company, including Saudi Arabia's sovereign wealth fund, but had not completed securing the funding......»»

Category: topSource: reutersAug 13th, 2018

Musk says Saudi fund supports Tesla buyout as talks continue

Tesla CEO Elon Musk said Monday he is still in talks with potential backers of a possible buyout of the company, including Saudi Arabia's sovereign wealth fund, but had not completed securing the funding......»»

Category: topSource: moneycentralAug 13th, 2018

Musk says Saudi fund supports Tesla buyout as talks continue

Tesla CEO Elon Musk said Monday he is still in talks with potential backers of a possible buyout of the company, including Saudi Arabia's sovereign wealth fund, but had not completed securing the funding......»»

Category: topSource: moneycentralAug 13th, 2018

Musk talking to Saudi fund, others about Tesla buyout financing

Tesla CEO Elon Musk said Monday he is still in talks with potential backers of a possible buyout of the company, including Saudi Arabia's sovereign wealth fund, but had not completed securing the funding......»»

Category: topSource: moneycentralAug 13th, 2018

Saudi Arabia Goes High-Tech in Approach to Investing

Crown Prince Mohammed and his sovereign-wealth fund, in talks to take a stake in Tesla, have become a pivotal global investor. But some Saudis worry impulsive bets on future technologies could jeopardizing the wealth of future generations......»»

Category: topSource: wsjAug 15th, 2018

Saudi fund may invest more than $1 billion in Tesla rival Lucid Motors: report

Elon Musk is hoping an investment from Saudi Arabia's sovereign wealth fund c.....»»

Category: topSource: marketwatchAug 19th, 2018

Saudi Wealth Fund to Invest $1 Billion in Tesla's Rival Lucid - Bloomberg

BloombergSaudi Wealth Fund to Invest $1 Billion in Tesla's Rival LucidBloombergSaudi Arabia's sovereign wealth fund signed an agreement to invest more than $1 .....»»

Category: topSource: googlenewsSep 17th, 2018

Lucid Motors CTO: We offer a luxury electric vehicle

Saudi Arabia's sovereign wealth fund has invested more than $1 billion in Lucid Motors. CTO Peter Rawlinson explains how the Lucid Air stands out from other electric vehicles......»»

Category: videoSource: cnnSep 17th, 2018

Tesla, Inc. (NASDAQ:TSLA) Saudi wealth fund invests $1 billion in competitor

Tesla, Inc. (NASDAQ:TSLA) Saudi wealth fund invests $1 billion in competitor Tesla stock dipped as much as 2 percent Monday morning on news the Saudi Arabia’s sovereign wealth fund has invested $1 billion in rival Lucid Motors. By .....»»

Category: topSource: livetradingnewsSep 18th, 2018

Saudi sovereign wealth fund pours $1 billion into Bay Area Tesla rival

Lucid Motors Inc. said Monday that it's getting a $1 billion investment from Public Investment Fund of Saudi Arabia (PIF) to help it produce its first electric cars it plans to roll out in competition with Tesla Inc. The Saudi fund is the same one .....»»

Category: topSource: bizjournalsSep 18th, 2018

Saudi Arabia"s $400 billion sovereign wealth fund reveals billion-dollar stakes in video game stocks, and almost doubled its holdings of US equities in the 4th-quarter

The kingdom's Public Investment Fund bought a $1.06 billion stake in Electronic Arts and a $1.4 bi.....»»

Category: topSource: businessinsiderFeb 17th, 2021

Saudi Sovereign Wealth Fund Is Betting On These 3 US Video-Game Stocks

Saudi Arabia’s sovereign wealth fund has invested more than $3 billion in shares of video-game companies, according to 13F filings made with the United States Securities and Exchange Commission.  read more.....»»

Category: blogSource: benzingaFeb 17th, 2021

Russia fund says will continue to invest in Saudi Arabia: Al-Arabiya

Russia's sovereign wealth fund will continue to invest in Saudi Arabia's Vision 2030 development programme, the Saudi-owned Al-Arabiya channel on Monday cited the head of the fund as saying......»»

Category: topSource: reutersApr 13th, 2020

Exclusive: JPMorgan looking to offload Saudi and UAE sovereign fund loans - sources

JPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds of Saudi Arabia and the United Arab Emirates, according to two sources and a document, as banks brace for a borrowing spree in the Gulf due to low oil prices......»»

Category: topSource: reutersApr 9th, 2020

Carnival surges 27%, extends 2-day surge to 53%, after Saudi fund announces a stake in the company

Lynne Sladky/Associated Press On Monday, Saudi Arabia's sovereign wealth fund bought an 8.2% stake in Carnival Corp.  Shares surged as much as 27% o.....»»

Category: topSource: businessinsiderApr 7th, 2020

How Saudi Arabia Is Sailing Away With Carnival

Carnival shares saw another incredible gain on Tuesday after it was disclosed that the Saudi Arabia sovereign wealth fund had acquired a stake in the cruise line operator......»»

Category: blogSource: 247wallstApr 7th, 2020

Saudi Arabia just bought an 8% stake in Carnival after the cruise ship giant"s stock plummeted this year

Reuters Saudi Arabia's sovereign wealth fund just picked up an 8.2% stack in Carnival Corporation, the cruise line with more than 100 ships.  Carnival's stock .....»»

Category: topSource: businessinsiderApr 6th, 2020