Saudi Prince Alwaleed Acquires 5% Stake in Lucid, Boosting Stock by 25%
USLucid
Saudi billionaire Prince Alwaleed bin Talal has disclosed a significant 5% ownership stake in luxury EV manufacturer Lucid Group. This revealed investment has been interpreted by the market as a renewed vote of confidence from Saudi Arabia in the American electric vehicle company, leading to a substantial 25% surge in Lucid's stock price.
Daily Newsletter
Get EV news delivered to you.
EV Digest delivered to you each morning. Free. Unsubscribe anytime.
Read the original
ElectrekEV Digest summarizes news in our own words and links to the original publisher. We do not republish full articles.
Daily Newsletter
Get EV news delivered to you.
EV Digest delivered to you each morning. Free. Unsubscribe anytime.