PIF could invest more than $1 billion in Lucid Motors.
Secretive Public Investment Fund's money is tied up elsewhere.
The pressure is on Elon Musk to provide details of his financing plan.
"Now I'm very interested in buying a car"
The law may be changing, but attitudes may be slower to adjust.
"You can not empower women to become anything in your country if she still needs a man's permission"
The Washington Post published a story this week about the one place Saudi women can get behind the wheel – an amusement park.
Another driver uploaded a video last week of a youngster driving the family car down a crowded freeway with an older man in the passenger seat.
Two women who were detained at the border of the United Arab Emirates and Saudi Arabia had their detentions extended by at least 25 more days Sunday for the crime of "driving while female."
If you haven't noticed, it has been a little cheaper to fill up at the gas station for the last few weeks. According to the US Energy Information Administration, the current national average cost for a gallon of gasoline is $3.299. That's down about a nickel from the previous week and around seven cents lower than this time last year. It doesn't look like this is just a temporary blip either because there's a strong possibility that Saudi Arabia may compel OPEC for lower oil prices for the near
When it comes to global oil production, Saudi Arabia is one of the absolute leaders, producing nearly 10 million barrels of crude every day. That means it can offer its citizens gas prices of about 45 cents per gallon. Despite this remarkably low price, though, the controversial, monarchical Middle Eastern country has just announced a series of reforms for the auto industry that will see American/European/Chinese-style fleet fuel efficiency standards come into effect.