This shows that 1) Lucid is NOT going bankrupt and 2) the Saudi PIF has doubled down on their investment showing confidence in Lucid.
I see this as a good thing for both LCID investors and Lucid Air owners (I am both).
I see this as a good thing for both LCID investors and Lucid Air owners (I am both).
EV maker Lucid closes $1.5 billion raise from the Saudi public wealth fund and other investors
Electric vehicle maker Lucid Group said it has completed a planned $1.5 billion equity offering.
www.cnbc.com