December 23, 2024
Fixed Assets

Tesla rival Lucid gets another $1.5 billion cash injection from Saudi Arabia to keep going through 2025

Lucid Group Inc. will get a cash infusion of as much as $1.5 billion from an affiliate of Saudi Arabia’s Public Investment Fund as the electric-car maker readies its first sport utility vehicle. Ayar Third Investment Company has agreed to make the investments by purchasing $750 million of convertible preferred stock and providing a $750

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