Prince Andrew advisor pitched Jeffrey Epstein on investing in EV startups like Lucid Motors [TechCrunch]
Tesla, Inc. (TSLA)
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Source: TechCrunch
It had courted Ford as a potential investor, but Jia Yueting, the founder of rival EV startup Faraday Future, had quietly amassed around a 30% stake and was essentially blocking new investors. David Stern, a mysterious businessman and close advisor to former Prince Andrew, saw an opportunity to break the logjam: bring in Jeffrey Epstein. “Ford will likely be lead in $400m Series D in Lucid. Big strategic move,” Stern to Epstein in emails released last week as part of the Department of Justice's latest disclosure of 3 million documents related to Epstein. Jia “has massive cash issues” at Faraday, he wrote, and needs to “sell now to make payroll for his other business.” It wasn't the first EV startup Stern pitched Epstein, and it wouldn't be the last, according to hundreds of documents reviewed by TechCrunch. At the time, legacy automakers and newly minted startups, fueled by the breakthrough success of Tesla and progress by Google's self-driving project, were jumping into elect
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