Court documents showed that Tesla's billionaire CEO, Elon Musk, had met with the Governor of the Saudi Sovereign Wealth Fund, known as the Public Investment Fund (PIF), Yasir Al-Rumayyan, on...
www.middleeastmonitor.com
Tesla basically has them guaranteeing privatization at a certain share price. If the stock price tanks, he can take Tesla private with them.
Lucid is 60% owned by them
Rivian received a critical investment from this sovereign wealth fund and there is probably some sort of handshake deal privatization at a certain share price if they play ball.
I am selling my EV, you got all this nonsense behind the scenes. I tried to buy a gas car but nothing was available.