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517 Mile Range EV with more efficient motors and a higher voltage battery solution. Let’s see how Tesla will counter the competition. https://fb.watch/1Q-3bxyLum/

If you love electric cars and you are a customer of Dubai Electricity and Water Authority (DEWA), then you can buy an electric car at a discounted price from the DEWA new online store on the smart app. DEWA collaborated with several public and private companies and launched its online store on the smart app to offer exclusive discount and offers to its valued customers. Moreover, customers can also get insurance deals as well as an option to pay for their purchase in installments. DEWA is conducting deals with different car makers, banks and insurance companies to offer its customers discount on electric cars. Till now, the company has signed an agreement with AW Rostamani Group and Al Ghandi Auto while discussions are underway with BMW and Toyota. Also, DEWA is partnering with banks such as Emirates NBD to provide easy financing plans.

Just a month back, Tesla CEO Elon Musk made an announcement on his twitter account that Saudi Arabia has offered to invest in Tesla to help the company go private. The claim was taken back when Elon Musk again officially stated that he has no plans to make the company private and Tesla will remain a public company. Reports indicate that Saudi Arabia denied the funds due to which Elon Musk had to change his plans. However, what’s surprising is that just a month later, the Saudi Public Investment Fund has decided to invest $1 billion dollars in Lucid which is a competitor of Tesla. Lucid Motors Inc. which had delayed the plans of launching its ‘Air’ sedan can now start producing the car in 2020. Lucid Motors Inc further revealed their plan to build a plant in Arizona and produce up to 20,000 units of the car in the first year. The PIF investment in Lucid Motors Inc. may have its advantages but the timing of everything raises a lot of questions. What do you think might be the reason of Saudi Arabia not investing in Tesla and choosing Lucid instead? Do share your opinion with us.