Lucid Surges on $1 Billion Lifeline From Saudi Investor

[Chester Dawson and Ed Ludlow]

Lucid Group is getting a $1 billion cash injection from its biggest investor, an affiliate of Saudi Arabia’s Public Investment Fund, providing the troubled EV maker with a needed lifeline.

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[BIG R GUY]

Another troubled EV maker? That’s 2 today already. Maybe they should merge with Fisker, and use the same tech platforms?

 

[kboomarang]

Not exactly sure but I suspect that investor is not entirely "lucid" himself or herself.

 

[Big Dave]

Does this mean the saudis are running out of oil???

 

[kboomarang]

Does this mean the saudis are running out of oil???

 

[Stimpy]

Does this mean the saudis are running out of oil???

No..... Just things to spend money on.

 

[Jaloc]

Saudi royal family are descendants of Jews who fought Muhammad - Iranian general

The commander of Iran's navy said in a speech on January 7 that the modern-day Saudi Arabian royal family are descendants of Jews who fought early Muslim tribes.

www.jpost.com

 

[victor93]

Wrong, it should be….What is a tough question? ….

 

[BIG R GUY]

Wrong, it should be….What is a tough question? ….

I’ll take, What is a tough question for $300.