- Electric vehicle startup Lucid Motors plans to go public via SPAC at a $24 billion valuation.
- The company struggled for years before getting $1.3 billion from Saudi Arabia in 2019.
- The deal increases Saudi Arabia’s ownership stage from 67% to 85%.
Somewhere out there, there’s a graveyard of Tesla rivals – metal skeletons of electric cars that tried and failed to challenge Elon Musk.
Word abonnee van Business Insider