there are a lot of MoUs signed and being signed between Lucid and gov. agencies that are helping lucid
below is one of them
https://www.prnewswire.com/ae/news-...ment-fund-hrdf-in-saudi-arabia-301658095.html
I believe this MoU has helped Lucid build their service centers in Middle east as well as create NAVA
https://nava.edu.sa/en/
recently, Lucid has signed another MoU with Ministry of Investment, which means, there is something being cooked
not to mention, Lucid already is getting government support of labors' salaries of about 50% + tax breaks
you have to read between the lines to see how much support Lucid is getting
during investor day, I am sure most of you have not noticed but there was one line says GIB credit , the amount is not huge may be 35 million if not mistaken, but this opens the door for something bigger
GIB is a bank of the banks , it is the bank that gives money to other banks in GCC, guess what, they gave Lucid a credit which is a big deal. GIB is owned by PIF, you see how things are start to take shape?
moreover, Saudi gov. is covering 50% of lucid cost if you are a top ranking gov. employee. I have a feeling that they will expeand this program to middle level employees once the mid size comes out
I just found this
NAVA Academy announces, during the Public Investment Fund and Private Sector Forum 2026, the signing of an agreement with Lucid to support the localization of
nava.edu.sa
there are so much going on, and retail investors are just focusing on the negative side of the news. but, there is big positive side no one is talking about.
from my humble experience, any government backed company will succeed because it is part of a vision and a plan, just give it time, it is a strategy and not tactic