The question is the timeline. Will the Saudis stay behind Lucid long enough for this to play out?
I think so, because I think they're playing a very long game with their economy and that it includes owning key EV technology. But a reviewer recently wrote that, while he thinks all cars will eventually be EVs, we are going to be in a slowdown or reverse mode on the trajectory for the next several years. I agree, and I think these next few years could be very challenging for Lucid as EV incentives and incentives to develop and standardize the charging infrastructure will be reduced or removed.
And I don't mean just buyer tax credits, as Lucid is pretty much outside that tent, anyway, except for some lease sales. I think there will be things such as legislation to give dealers more clout in resisting legacy automaker attempts to foster EV sales. (The first auto dealer elected to the Senate is already in discussions with the incoming administration for just such legislation and claims to be getting a receptive ear.)
Again, I'm a worrier.