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.
