Lucid Team
inventory continued to slide this week, regardless of a recent extra financial commitment in the embattled electrical-automobile maker by Community Investment Fund, Saudi Arabia’s sovereign-prosperity fund, of approximately $1 billion.
Lucid stock (ticker: LCID) established an intraday small of $6.18 on Tuesday. It’s the least expensive shares have traded at because Lucid went general public by a merger with a unique-function acquisition enterprise in July 2021. The stock slide arrives as Lucid prepares to launch sales in Europe. Past 7 days, Lucid stated it was promoting about $1.5 billion of inventory, such as the personal placement of shares to Community Expenditure Fund, which is the company’s greater part shareholder.
Lucid Team
inventory continued to slide this week, regardless of a recent extra financial commitment in the embattled electrical-automobile maker by Community Investment Fund, Saudi Arabia’s sovereign-prosperity fund, of approximately $1 billion.
Lucid stock (ticker: LCID) established an intraday small of $6.18 on Tuesday. It’s the least expensive shares have traded at because Lucid went general public by a merger with a unique-function acquisition enterprise in July 2021. The stock slide arrives as Lucid prepares to launch sales in Europe. Past 7 days, Lucid stated it was promoting about $1.5 billion of inventory, such as the personal placement of shares to Community Expenditure Fund, which is the company’s greater part shareholder.
