News

Tesla competitor Lucid claims its luxury ‘Air’ sedan will be the fastest charging electric vehicle out there, capable of getting 300 miles of charge in just 20 minutes

Lucid Motors announced that its new luxury sedan, the Air, will be the “fastest charging electric vehicle,” with the ability to charge 20 miles of range per minute. The claim smashes the standard set by Tesla, whose V3 Supercharger can add about 15 miles per minute. The announcement follows Lucid’s […]
Tesla competitor Lucid claims its luxury ‘Air’ sedan will be the fastest charging electric vehicle out there, capable of getting 300 miles of charge in just 20 minutes
Markets

Saudi Arabia shuns Tesla, invests $1.39 billion in rival Lucid Motors

Saudi Arabia’s Public Investment Fund is investing $US1 billion ($AU1.39 billion) in Lucid Motors, a Tesla rival. The kingdom was previously in talks with Tesla about funding its go-private bid. Follow Tesla’s stock price in real-time here. Tesla slid as much as 2% Monday after Saudi Arabia’s public-investment firm announced […]
Saudi Arabia shuns Tesla, invests $1.39 billion in rival Lucid Motors
Markets

Tesla tumbles as Saudi Arabia looks to invest in an electric competitor

Saudi Arabia has been in talks with electric-car maker Lucid Motors, Reuters reports Monday. JPMorgan cut its price target for Tesla to $US195 from $US305 on Monday, citing the fact funding has not been secured like Elon Musk originally said. Tesla shares sank more than 6% in early trading Monday. […]
Tesla tumbles as Saudi Arabia looks to invest in an electric competitor
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