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LUCID MOTORS INVESTMENT
Lucid stock on fire, skyrockets nearly 30% after Uber robotaxi deal shocks market — Tesla, Waymo feel the heatLucid Motors stock surge surprised the market with a 30% jump after teaming up with Uber and Nuro for a future-ready robotaxi project. This...- Uber to invest $300 million in EV maker Lucid as part of robotaxi dealShares of Lucid surged more than 56% to $3.58 in trading before the bell after the company also said it had proposed a one-for-ten reverse ...
- Tesla’s missing Cybertruck is a problem for the EV revolutionTesla's Cybertruck offering has shifted, leaving only expensive models, signaling issues in producing affordable EVs. This mirrors broader ...
- EV startup founders made big claims, now one could go to prisonA federal judge in Manhattan will sentence Trevor Milton, founder and former CEO of the truck company Nikola, after a jury found him guilty...
- Indian conglomerate Essar plans regional hub in Saudi ArabiaIndian conglomerate Essar Group is planning to make Saudi Arabia a hub for its expansion in the region. The group, led by CEO Prashant Ruia...
- Tesla joins GM, Ford in slowing EV factory ramp as demand fears spreadTesla, along with General Motors and Ford, has expressed caution about expanding electric vehicle (EV) production due to economic uncertain...
- EV startups burn through more cash as demand faltersEven market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing mon...
- Lucid CEO says Aston Martin EV tech deal is just the beginningThe U.S. EV firm will provide Aston with technology including a rear drive unit with twin motors, battery modules and software for integrat...
- EV maker Rivian takes bold bet with higher-priced vehicles amid heating competitionRivian calmed investor nerves this week by sticking to its 2023 production target and reporting better-than-expected quarterly revenue in a...
- ADIA, Goldman Sachs, Carlyle eye TVS Motors' EV arm with $300 mn-$350mn chequeIf the deal takes place at this valuation, it will become the most valuable two-wheeler EV company in the country. The current market value...
- Saudi Arabia gives 4% of Aramco to investment fundThe announcement on the state-run Saudi Press Agency comes as the oil firm is valued at just under $2 trillion and as oil trades above $90 ...
- GM plans over six-fold increase in 2022 electric truck, Cadillac SUV productionGM Chief Executive Mary Barra told investors last week the automaker intended to accelerate production of electric vehicles, aiming to deli...
- Rivian valued at over $100 billion in debut, after world's biggest IPO of 2021Amazon.com Inc is Rivian's largest shareholder with a 20% stake.
- Rivian, electric vehicle startup, unveils large losses in IPO filingRivian, founded in 2009, makes an upscale truck and a sport utility vehicle, both designed to be driven off-road. “Now, there’s a way to ex...
- Electric-car startup Lucid to follow Tesla into energy storageLucid aims to have a prototype of a commercial system installed at its headquarters by the start of next year that will store power generat...
- Electric cars are about to start rolling out of the Arizona desertLucid says it has actually accelerated hiring, adding 120 new employees since mid-March, and is currently advertising 250 open positions.
- Tesla’s 2020 advance blows past 100%, leaving Wall Street in aweTesla rose as much as 24% to $968.99 Tuesday before plunging suddenly in the last few minutes of trading, trimming share prices by more tha...
- From Lucid to Tesla, Saudi Wealth Fund goes on spending spreeThe investments are part of plans, unveiled after the collapse in crude prices in mid-2014, to turn the PIF into the world’s biggest sovere...
- Saudi fund breathes new life into Lucid after going mum on MuskThe transaction clinches long-sought funding that was crucial to Lucid getting its first model, the Air sedan, into production.
- Tesla wannabe is back in spotlight with shot at Saudi investmentLucid Motors, a startup co-founded 11 years ago by a Silicon Valley veteran, is in the spotlight following news reports over the weekend th...
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