In a unique intersection of technology and high-profile individuals, a businessman and close advisor to former Prince Andrew, David Stern, pitched Jeffrey Epstein on investing in electric vehicle (EV) startups like Lucid Motors. Back in 2017, Lucid Motors was seeking funding, with Ford as a potential investor, but facing obstacles from rival Jia Yueting of Faraday Future. Stern saw an opportunity to involve Epstein in the investment landscape, aiming to leverage the growing interest in electric and autonomous vehicles driven by the success of Tesla and Google’s self-driving project.
Stern’s pitch to Epstein extended beyond Lucid Motors, encompassing other EV startups like Faraday Future and Canoo, as revealed in documents reviewed by TechCrunch. While Epstein’s direct involvement in these ventures remains uncertain, the discussions shed light on the intricate ties Epstein had with Silicon Valley startups before his legal issues.
These revelations provide a glimpse into the tech industry’s dynamics at the time, showcasing the fervor surrounding EV innovations and the strategic maneuvers within the startup ecosystem. Despite the ultimate investment outcomes for Lucid Motors and Faraday Future, the episode underscores the significant role played by influential figures in shaping the trajectory of emerging technologies.
Source: TechCrunch