Should Tesla Fear Xpeng Motors as Sovereign Wealth Supports?
Posted on 08/14/2020
Wealthy Gulf sovereign wealth funds are supporting the up and coming rivals of electric vehicle incumbent Tesla, Inc – so long the days of Elon Musk tweeting, “Funding Secured.” Saudi Arabia’s Public Investment Fund (PIF) backed Lucid Motors, while Qatar sovereign wealth is flowing into the Chinese EV market. PIF was an investor in Tesla. […]