Lucid spikes 98% on speculation Saudi investment fund may buy out remaining stake

Lucid Air Lucid Motors Lucid stock skyrocketed on Friday on speculation that Saudi Arabia’s Community Financial investment Fund would buy out the remaining stake. Saudi Arabia’s PIF now owns 65%…

Ford to Fund Its EV Efforts in Part by Laying Off 8000 Workers

An anonymous resource told Bloomberg on Wednesday that Ford is setting up to slice as a lot of as 8000 careers from its Ford Blue division. Ford Blue provides the…

XPeng leads investment in $200 million fund focused on ‘frontier’ tech

A new Xpeng P7 vehicle is revealed in the Xpeng Motors flagship shop in a searching mall. Xpeng P7 is a person of the two preferred products of Xpeng motors.…

Fund manager explains why he’s still short Tesla, Ark ETF and Facebook

The shell of the upcoming battery manufacturing unit on the Tesla Gigafactory design web-site east of Berlin is quite fast paced. Patrick Pleul | image alliance | Getty Photographs David…

Rivian’s Forever Fund Will Turn Nature into an EV Shareholder

Rivian CEO RJ Scaringe declared a new fund called Eternally that will place money from the younger electric powered-car organization into “high-impact climate initiatives” to safeguard wilderness. Scaringe stated Rivian…

Tesla is in a bubble and it’s ‘going down,’ top fund manager says

Tesla CEO Elon Musk speaks at a shipping and delivery ceremony for Tesla China-produced Model 3 in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency |…

Alexis Ohanian’s VC firm raises new $225M fund

(CNN Business) —   Reddit cofounder Alexis Ohanian’s venture capital firm has raised an additional $225 million to invest in early-stage startups. It is the fourth and largest fund raised…