Prince Alwaleed Invests in Lucid Motors | Tech News

Prince Alwaleed bin Talal Al Saud just invested $19 million for a 5% stake in Lucid Motors, boosting Saudi Arabia’s ownership amid the EV maker’s turbulent ride — a move hailed as an independent vote of confidence as Lucid cuts 18% of its workforce and rebuilds under a new CEO, following earlier rumors of bankruptcy or a Saudi takeover. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7e44c5f3ab488da1