Lucid Motors Stock Surges 21.54% to $7.9 After Saudi Prince Alwaleed Discloses 5% Stake

According to Yonhapinfomax, Lucid Motors stock surged 21.54% to $7.9 on July 28 after Prince Alwaleed bin Talal, a Saudi Arabian billionaire, disclosed a 5% stake in the premium electric vehicle maker via an SEC filing reported by StockTwits. The PIF remains Lucid's largest shareholder with a 57% stake.
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