Lucid Plus Saudi Arabia Equals?


  • Saudi Arabia’s PIF is already a major shareholder of Lucid.
  • A takeover by PIF could make sense for both parties.
  • But investors should not buy solely on this rumor.

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David Becker

Article Thesis

Lucid Group, Inc. (NASDAQ:LCID) has seen its shares explode upward on Friday due to rumors about a potential bid by Saudi Arabia’s Public Investment Fund (“PIF”). An attempted takeover by Saudi Arabia could indeed make sense due


Saudi Arabia PIF

Disclosure: I/we have a beneficial long position in the shares of BYDDY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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