Lucid Motors stock surged 9.1% shortly after the trading day started.
www.barrons.com
The electric-vehicle start-up Lucid Group is getting more cash from Saudi Arabia, and its stock is jumping.
On Wednesday, Lucid (ticker: LCID) announced financing and incentives for up to $3.4 billion from entities controlled by the Saudi government over the next 15 years to build and operate a manufacturing plant in the country.
EV Start-Ups Need Cash. Lucid's Getting More From Saudi.
Lucid is getting financing and incentives for up to $3.4 billion over the next 15 years to build and operate a plant in Saudi Arabia.
On Wednesday, Lucid (ticker: LCID) announced financing and incentives for up to $3.4 billion from entities controlled by the Saudi government over the next 15 years to build and operate a manufacturing plant in the country.
