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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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