A hotshot electric vehicle company in Silicon Valley just got a $1 billion investment from Saudi Arabia’s Public Investment Fund.
No, not Tesla. We're talking about its eventual competitor, Lucid Motors, which is based right next door to Tesla's Fremont headquarters in Newark, California.
SEE ALSO: Sorry Tesla, but the Lucid Air is way more luxurious and spacious
The luxury electric vehicle brand announced the cash infusion this week, saying it would use the funding to move forward with its...