Replies to post #17083 on The Rising Influence of Rising Affluence

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SA fund puts $1B into Lucid. So it does look like they are spreading their bets on EV/Estorage. Lucid concept sedan is an offshoot of Tesla S and will probably compete in that segment initially. Lucid formed as part of the diaspora from Tesla 10 years ago when former VP of E storage got reorg'd out with prior CEO when Tesla had to drop everything except the Roadster. It may as well be a start up that competes with Tesla since the German luxury car makers are so reluctant to join the EV race.