importantSYS.SOURCE: TechCrunch• 2026-07-28T17:33:51Z

Saudi Prince Al Waleed Bin Talal Acquires 5% Stake in Lucid Motors

#lucid motors #saudi arabia #electric vehicles #investment #transportation

Saudi Prince Al Waleed bin Talal acquired a 5% stake in Lucid Motors during its financial restructuring, adding to Saudi Arabia's existing 60% ownership via the Public Investment Fund. The investment occurred as Lucid's stock rebounded from rumors of bankruptcy or private takeover.

The investment comes after speculation that Saudi Arabia may take Lucid Motors private -- which the EV maker has denied.

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