{"id":462818,"date":"2018-09-17T16:51:03","date_gmt":"2018-09-17T20:51:03","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=462818"},"modified":"2018-09-17T16:51:03","modified_gmt":"2018-09-17T20:51:03","slug":"teslas-most-credible-rival-raises-1-billion-from-saudi-arabia","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=462818","title":{"rendered":"Tesla\u2019s most credible rival raises $1 billion from Saudi Arabia"},"content":{"rendered":"
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\"Electric<\/p>\n

Enlarge<\/a> \/<\/span> The Lucid Air, due out in 2020. (credit: Lucid Motors<\/a>)<\/p>\n<\/figure>\n

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Lucid Motors, the electric car startup we described as Tesla’s most credible rival<\/a> last year, got a shot in the arm on Monday as Saudi Arabia’s sovereign wealth fund announced<\/a> a $1 billion investment. The company aims to bring its first car to market in 2020.<\/p>\n

Lucid has been building up to this moment for more than a decade. The company was founded in 2007 under the name\u00a0Atieva to build technology related to electric cars\u2014but not the entire car itself. In 2015, the Chinese state-owned automaker BAIC became Lucid’s biggest investor<\/a>, and we learned that\u00a0Atieva was pivoting<\/a> to face Tesla head-on by building an electric car of its own.<\/p>\n

The company rebranded as Lucid<\/a> two years ago and has a number of Tesla veterans\u2014including chief technology officer\u00a0Peter Rawlinson\u2014helping design its first car, the Lucid Air.<\/p>\n<\/div>\n

Read 5 remaining paragraphs<\/a> | Comments<\/a><\/p>\n

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\nSource: Ars Technica – Tesla\u2019s most credible rival raises billion from Saudi Arabia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Enlarge \/ The Lucid Air, due out in 2020. (credit: Lucid Motors) Lucid Motors, the electric car startup we described as Tesla’s most credible rival last year, got a shot in the arm on Monday as Saudi Arabia’s sovereign wealth … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":462819,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-462818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/462818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=462818"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/462818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/462819"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=462818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=462818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=462818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}