ROYAL INTERVENTION
Saudi Prince Alwaleed bin Talal takes 5% stake in Lucid
Lucid's shares surged 22% to their highest level since April following regulatory disclosure of Alwaleed’s direct purchase of 19.5 million shares, equivalent to a 5% stake in the company
Bing Guan/Bloomberg via Getty Images
The steering wheel of a 2026 Lucid Air Sapphire electric vehicle
Add The Circuit on GoogleLucid Group has been given a much-needed boost after Saudi Prince Alwaleed bin Talal acquired a $129.5 million stake in the struggling California-based electric vehicle maker.
Saudi Arabia’s Public Investment Fund, which is Lucid’s biggest shareholder, has poured...
