Tesla Stock Slumps As Saudis Invest In EV Rival

For Tesla competitor Lucid Motors, "funding" is definitely "confirmed"...

Confirming rumors from mid-August, the Saudi Public Investment Fund has confirmed an investment of over $1 billion in Tesla competitor Lucid Motors to enable the commercial launch of their first electric vehicle, Lucid Air, in 2020.

TSLA shares are sliding on the news...

(Click on image to enlarge)

Full Press Release:

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Beating Buffett 1 year ago Member's comment

While #Tesla took a hit, it has since recovered nicely. $TSLA

Ayelet Wolf 1 year ago Member's comment

Didn't a Saudi Group already buy 5% of #Tesla? $TSLA