[ad_1]
Lucid Group
inventory continued to slip this week, regardless of a latest extra funding within the embattled electric-vehicle maker by Public Funding Fund, Saudi Arabia’s sovereign-wealth fund, of practically $1 billion.
Lucid inventory (ticker: LCID) set an intraday low of $6.18 on Tuesday. It’s the bottom shares have traded at since Lucid went public by means of a merger with a special-purpose acquisition firm in July 2021. The inventory slide comes as Lucid prepares to launch gross sales in Europe. Final week, Lucid stated it was promoting about $1.5 billion of inventory, together with the personal placement of shares to Public Funding Fund, which is the corporate’s majority shareholder.
[ad_2]
Source link
