Shares of Lucid Group (LCID) are trading higher Tuesday following news of additional funding from a major shareholder, Saudi Arabia's Public Investment Fund ...
) are trading higher Tuesday following news of additional funding from a major shareholder, Saudi Arabia 's Public Investment Fund . Already holding nearly a 60% stake in the EV maker, the PIF has agreed to provide an extra $1.5 billion in funding.Nearly 3% move to the upside after announcing its largest shareholder, Saudi Arabia 's public investment fund will give the firm an additional $1.5 billion in funding.Lots of questions about what ultimately the future of Lucid looks like.
Also the launch of its mass market SUV and remember that this funding comes on top of a billion dollar injection back in March and raises the total that the Saudi Aramco Fund has invested into approximately $8 billion.But again, the street, obviously viewing this as a positive here for the stock. While the prospect of another career after sport may appear daunting, there are a number of ways for athletes to manage this transition and prepare for life after sport.
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