Saudi Invests More Than $1B in Electric Vehicle Maker Lucid

The transcript discusses the Public Investment Fund (PIF) of Saudi Arabia and its strategy to diversify the country's economy away from oil by investing in high-tech industries, including electric vehicle manufacturers like Tesla and Lucid. It highlights PIF's stake in Tesla, which is under 5%, and speculates on the fund's future investment decisions, especially in light of Elon Musk's recent challenges. The discussion raises questions about whether PIF will continue to invest in Tesla or shift its focus to other companies.

What uncertainty surrounds the PIF's involvement with Tesla?

What challenges is Elon Musk facing that may affect the PIF's investment decisions?