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Bluetan
2022-02-15

Well done

Lucid Group Still Has a Big Backer in the Saudi Sovereign Wealth Fund

Lucid Group(NASDAQ:LCID)still has strong backing from the Saudi sovereign wealth fund as it looks to

Lucid Group Still Has a Big Backer in the Saudi Sovereign Wealth Fund

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The value of the position was up from the $25.8B held at the end of September. Shares of LCID have fallen more than 20% since December 31 to reduce the current value of the stake.</p><p>The Public Investment Fund holds a nearly 62% stake in Lucid after originally investing more than $1B in the company in 2018 and boosting its investment in February of last year. The fund also holds a large position in Uber(NYSE:UBER), but does not hold a major position in any other electric vehicle stock.</p><p>Shares of Lucid Group (LCID) gained 2.77% in premarket action on Tuesday to $28.20 vs. the 52-week trading range of $16.12 to $64.86.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lucid Group Still Has a Big Backer in the Saudi Sovereign Wealth Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLucid Group Still Has a Big Backer in the Saudi Sovereign Wealth Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-15 21:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3800042-lucid-group-still-has-a-big-backer-in-the-saudi-sovereign-wealth-fund><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lucid Group(NASDAQ:LCID)still has strong backing from the Saudi sovereign wealth fund as it looks to ramp up production of electric vehicles.The Saudi sovereign wealth fund PIF held$38.6Bworth of ...</p>\n\n<a href=\"https://seekingalpha.com/news/3800042-lucid-group-still-has-a-big-backer-in-the-saudi-sovereign-wealth-fund\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc"},"source_url":"https://seekingalpha.com/news/3800042-lucid-group-still-has-a-big-backer-in-the-saudi-sovereign-wealth-fund","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1196896772","content_text":"Lucid Group(NASDAQ:LCID)still has strong backing from the Saudi sovereign wealth fund as it looks to ramp up production of electric vehicles.The Saudi sovereign wealth fund PIF held$38.6Bworth of Lucid Group (LCID) at the end of 2021, according to a SEC filing. 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