Will Lucid News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lucid’s stock has plunged from its peak and its shares are heavily shorted.

Will Lucid build an EV plant in Saudi Arabia? just-auto this week. The news had been reported by the UK's Financial Times earlier this week, with the newspaper citing an interview with the head of the sovereign fund, Al-Rumayyan. Bloomberg subsequently reported the two parties had discussed setting up a plant in the Saudi city of Jeddah, on the Red Sea coast. The Saudi government has been investing heavily in recent years to diversify the economy away from the oil sector and is seeking to attract international companies to set up operations in the kingdom. Lucid Motors last month announce...