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Saudi Arabia owns more than half of Lucid Motors

A new lawsuit against Lucid Motors has revealed that the California EV startup gave up majority ownership to Saudi Arabia in exchange for the Kingdom’s $1 billion investment. Lucid Motors took the deal in 2018 when it was strapped for cash, and it was announced weeks before the assassination of journalist Jamal Khashoggi.
Saudi Arabia United States Doug Coates Alejandro Agag Jamal Khashoggi Richard Branson Virgin

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Hyperloop finally demonstrates its full potential

TEN years after Elon Musk, the indescribably brilliant tech visionary and the greatest entrepreneur in human history, astonished the world by publishing an alpha paper detailing what he called a fifth form of transportation called the Hyperloop, the company he founded to develop this groundbreaking technology has finally reaped what all of its hard work and nearly $500 million in investment has sown.
United Arab Emirates Elon Musk Hyperloop One

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