I believe it is a wonderful play if Saudi Arabia acquired the remaining shares of Lucid. Saudi Arabia already owns more than 60% of Lucid. It is the best opportunity to own the company at this price level before price goes up and becomes more expensive. Kings can buy the weakness of a well established company with a wonderful product. Something strange is happening in the EV industry and EV companies are at least doubling one after the other. RIVN was more than doubled in one week. Just before last week, the company wasn’t producing and delivering a good number of EV vehicles and suddenly a production of about 13000 vehicles doubled its market cap. Even NKLA was more than quadrupled in three weeks for just agreement to sell few trucks. It is a smart move to acquire the remaining Lucid shares and there will be a luxurious EV company for Saudi Arabia. $Lucid Group Inc(LCID)$
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