The Saudis have remained a major source of financial support for Lucid Motors since it went public, buying up shares and lending billions of dollars as the company has struggled to reach a mass market of EV buyers in the U.S. and abroad.
The Saudis have remained a major source of financial support for Lucid Motors since it went public, buying up shares and lending billions of dollars as the company has struggled to reach a mass market of EV buyers in the U.S. and abroad.
No it’s “we want to continue being rich so we are using all this money we got from oil and investing it just in case oil price crashes.”
Also Lucid prices are stupid low. I know, I invested in them and watched the stock tank 90%.