Lucid Motors raises another $1 billion from Saudi Arabia as it searches for luxury EV buyers

TechCrunch
By Sean O'KaneMar 25, 2024, 10:31 am112 pts
Lucid Motors is raising another $1 billion from its biggest financial backer, Saudi Arabia, as it looks to blunt the high costs associated with building and selling its luxury electric sedan. The company announced in a Monday morning regulatory filing that Ayar Third Investment, an affiliate of Saudi Arabia’s…

Read Article Share
Share Article
- email
- x.com
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on Tech News Tube

Apple, Qualcomm, MediaTek align on 2nm chips in 2026 as specs lose consumer appeal

Digitimes

Apple, Qualcomm, MediaTek align on 2nm chips in 2026 as specs lose consumer appeal 130

For the price of Netflix, crooks can now rent AI to run cybercrime

The Register

For the price of Netflix, crooks can now rent AI to run cybercrime 126

cURL Removes Bug Bounties

Slashdot

cURL Removes Bug Bounties 123

Sony’s TV business is being taken over by TCL

The Verge

Sony’s TV business is being taken over by TCL 123

Amazon CEO Andy Jassy goes wobbly on AI bubble possibility

The Register

Amazon CEO Andy Jassy goes wobbly on AI bubble possibility 119

Ethernovia raises $90M as investors rush to fund ‘Physical AI’

TechCrunch

Ethernovia raises $90M as investors rush to fund ‘Physical AI’ 115

Memory shortage impacts Chinese smartphone supply; mid-to-low-end models and SoCs face challenges in 2026

Digitimes

Memory shortage impacts Chinese smartphone supply; mid-to-low-end models and SoCs face challenges in 2026 104

TechCrunch

Netflix to redesign its app as it competes with social platforms for daily engagement 101

About Tech News Tube

Tech News Tube is a real time news feed of the latest technology news headlines.

Follow all of the top tech sites in one place, on the web or your mobile device.

Featured

oToBrite Electronics expands full-domain…

oToBrite Electronics expands full-domain visual AI solutions as automotive-grade…

Taiwan Ministry of National Defense…

Taiwan Ministry of National Defense releases major drone procurement order,…

OpenAI and ServiceNow Strike Deal to Put…

OpenAI and ServiceNow Strike Deal to Put AI Agents in Business Software

56% of Companies Have Seen Zero…

56% of Companies Have Seen Zero Financial Return From AI Investments, PwC Survey…

Setapp Mobile To Close in February as…

Setapp Mobile To Close in February as Alternative iOS App Store Economics Prove…

AI Agents 'Perilous' for Secure Apps…

AI Agents 'Perilous' for Secure Apps Such as Signal, Whittaker Says

Palantir CEO Says AI To Make Large-Scale…

Palantir CEO Says AI To Make Large-Scale Immigration Obsolete

Ransomware gang claims it hacked into…

Ransomware gang claims it hacked into Hyatt systems, says it has stolen data for…

New botnet targets HPE OneView…

New botnet targets HPE OneView vulnerability, so patch now

Ingram Micro reveals ransomware attack…

Ingram Micro reveals ransomware attack hit 42,000 people - here's how to find…