Lucid Stock Slides on Plan to Raise $3B, Mostly From Saudi Investor
The EV maker said its biggest shareholder, the Saudi Public Investment Fund, will buy 265 million shares for about $1.8 billion.
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The EV maker said its biggest shareholder, the Saudi Public Investment Fund, will buy 265 million shares for about $1.8 billion.
Lucid Motors will go out of business, as Elon Musk claimed. Here's what the billionaire said on Twitter.
Insiders and Lucid vehicle owners describe a rocky road with the EV startup's software and electronics. Lucid's CEO is racing to change that.
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Silicon Valley's leading source of expert coverage of the automotive industry, automotive news, new vehicle technology & industry insights including self-driving cars, electric vehicles and startups working on the autonomous mobility of the future.