{"id":450389,"date":"2021-11-18T08:58:01","date_gmt":"2021-11-18T03:28:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450389"},"modified":"2021-11-18T09:59:15","modified_gmt":"2021-11-18T04:29:15","slug":"ev-startup-lucid-motors-now-more-valuable-than-ford-motor-group","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ev-startup-lucid-motors-now-more-valuable-than-ford-motor-group\/","title":{"rendered":"EV startup Lucid Motors now more valuable than Ford Motor Group"},"content":{"rendered":"<p>Electric vehicle startup Lucid Motors market value has exceeded Ford Motor Group to $89.9 billion, after it closed at $55.52 a share, Al Arabiya reported. <\/p>\n<p>The EV startup&#8217;s market value, which is backed in part by Saudi Arabia&#8217;s Public Investment Fund (PIF), blew past Ford Motor on Tuesday to $89.9 billion and is close to surpassing General Motors, which currently has a market cap of $90.9 billion. <\/p>\n<p>The recent surge of the Saudi-backed EV company comes after its CEO Peter Rawlinson said that he believes there is a long runway for the electric vehicle startup&#8217;s stock and market value to rise beyond legacy automakers and to eventually be valued more like industry leader Tesla.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electric vehicle startup Lucid Motors market value has exceeded Ford Motor Group to $89.9 billion, after it closed at $55.52 a share, Al Arabiya reported. The EV startup&#8217;s market value, which is backed in part by Saudi Arabia&#8217;s Public Investment Fund (PIF), blew past Ford Motor on Tuesday to $89.9 billion and is close to surpassing General Motors, which currently has a market cap of $90.9 billion. The recent surge of the Saudi-backed EV company comes after its CEO Peter Rawlinson said that he believes there is a long runway for the electric vehicle startup&#8217;s stock and market value to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-450389","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=450389"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450389\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}