Saudi wealth fund PIF in talks to invest in aspiring Tesla rival Lucid

Saudi wealth fund PIF in talks to invest in aspiring Tesla rival Lucid

Photo: Bloomberg

PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO 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 Inc, people familiar with the matter said on Sunday.

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