Lucid Motors Financial Update

Lucid Motors has received a significant boost in funding from its largest shareholder, Saudi Arabia’s Public Investment Fund (PIF) The latest support includes an investment of up to $1.5 billion which was announced on Monday This funding is slated to support the electric vehicle maker’s ongoing production expansion, particularly for the much-anticipated Gravity SUV. It is designed to ensure that the company has sufficient capital through the fourth quarter of 2025 This financial infusion is part of a broader investment plan, adding to a previous $1 billion investment made earlier this year, solidifying PIF’s commitment and confidence in Lucid's potential in the electric vehicle market.