Lucid Secures Additional $1.75 Billion in Saudi Fund Financing
Lucid secured another $1.75 billion in term-loan funding from Saudi Arabia’s sovereign-wealth fund, providing additional financial flexibility as the EV maker pursues a turnaround.
By Natalie WegerLucid Group secured another $1.75 billion in funding from Saudi Arabia's sovereign-wealth fund to provide additional financial flexibility as the electric-vehicle company attempts to execute a turnaround.The increase to the term-loan came as Lucid reported higher sales in its third…