With Saudi money, Lucid Motors Wants to Challenge Tesla

The electric car market is expected to move $420 billion by 2025, according to a study by consultancy Global Market Insights.

To get its project up and running, Lucid Motors went to look for professionals from rival companies. Especially at Tesla. Peter Rawlinson, who is the current CEO of the brand was responsible for the development of Tesla Model S.

Lucid confirms that they started the construction on the foundations for the new Arizona factory: “Last month, the local Planning and Zoning Commission gave final approval of our multi-year master site plan. Land grading began in September, and crews are drilling and forming the caissons that will help form the structural foundation of the facility.”


Leave a Reply