EVsTechCrunchabout 1 hour ago
Saudi prince buys 5% stake in Lucid Motors
1 min read
Saudi Prince Alwaleed bin Talal disclosed a 5% passive stake in Lucid Motors, owning 19,513,000 Class A shares. The filing triggered a 25% stock jump. The Public Investment Fund separately owns roughly 60% of Lucid and has invested about $9.5 billion since 2018.
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