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A Tesla competitor just got $1 billion boost from Saudi Arabia

A hotshot electric vehicle company in Silicon Valley just got a $1 billion investment from Saudi Arabia’s Public Investment Fund. No, not Tesla. We're talking about its eventual competitor, Lucid Motors, which is based right next door to Tesla
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Saudi Arabia might be interested in helping Tesla go private

Nearly a week after Tesla CEO Elon Musk tweeted his intention to take the company private, we still don't know much about the funding for the endeavor — which Musk said was "secured." And while the U.S. Securities and Exchange commission is