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Saudi Prince Alwaleed takes 5% Lucid (LCID) stake, stock jumps 25%
Saudi Prince Alwaleed disclosed a new 5% stake in Lucid (LCID) in an SEC filing, sending shares up 20% on bets that Saudi backing keeps flowing.
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forbes.com
Lucid Stock Jumps 20% After Billionaire Saudi Prince Investment
The electric vehicle manufacturer recently denied reports of bankruptcy.
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techcrunch.com
Saudi prince buys 5% stake in Lucid Motors | TechCrunch
The investment comes after speculation that Saudi Arabia may take Lucid Motors private -- which the EV maker has denied.
