Where are Lucid Motors located?
Lucid Motors Headquarters, 7373 Gateway Blvd, Newark, CA 94560, US – MapQuest. This marks the second investment from Saudi Arabia this year, bringing the total investment in Lucid to about $8 billion, with the country’s stake in Lucid now at about 60. Lucid CEO Peter Rawlinson stated that these new funds will ensure liquidity at least until the fourth quarter of 2025.The good news is that Lucid’s main investor, Saudi Arabia’s Public Investment Fund, or PIF, continues to support the company. They increased Lucid’s loan facility from $750 million to $2 billion, giving Lucid enough liquidity to last roughly until the first half of 2027.Luxury electric vehicle developer, Lucid Motors is headquartered in California but is majority funded by the Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF).Saudi Arabia Completed Its Billion-Dollar Share Purchase. Saudi Arabia still believes in electric vehicles. Monday, EV maker Lucid Group filed documents with the Securities and Exchange Commission showing investment entities tied to Saudi Arabia purchased about 396 million shares of Lucid at $2. Oct.Luxury electric vehicle developer, Lucid Motors is headquartered in California but is majority funded by the Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF).
Who is Lucid owned by?
Lucid Motors is majority-owned by Saudi Arabia’s Public Investment Fund (PIF), which holds over 60% of the company as of 2025. This strategic partnership has enabled Lucid to secure billions in funding, fueling its global expansion and R&D efforts. Riyadh, September 17, 2018 – The Public Investment Fund (PIF) of Saudi Arabia announced today that it has executed an investment agreement of over US$1 billion with Lucid Motors (Lucid or the Company), through a special-purpose vehicle wholly owned by PIF (Transaction).Lucid Group, Inc. Atieva, Inc. Newark, California, U. S. Since April 2019, the majority shareholder of Lucid has been the Public Investment Fund, which is the sovereign wealth fund of Saudi Arabia.The Saudi government, which has a 60% stake, has invested billions in Lucid’s success as part of a strategy to diversify the Kingdom’s economy beyond oil.
What countries are Lucid sold in?
US electric vehicle maker Lucid Motors registered 23 vehicles in its four European markets in August, ahead of the launch of its second model in the region. The figure compares with 84 units in July, when registrations of the Air sedan reached a record high across Germany, Norway, Switzerland and the Netherlands. In the UAE, Lucid is currently offering 2 models. Lucid’s line-up consists of with an average inventory market price of AED 299,000. Lucid Cars are also widely available in used conditions starting from AED 299,000 to AED 299,000.Pricing and Which One to Buy The price of the 2025 Lucid Motors Air starts at $71,400 and goes up to $250,500 depending on the trim and options. We’d steer toward the Pure model.Assumes a vehicle price of $72,400 including destination fee for Lucid Air Pure RWD MY 2026. Total capitalized cost of lease is only available if delivery is taken within 7 days of vehicle being available for delivery. Must take delivery by 11:59 PM ET on December 31, 2025.
Why is no one buying Lucid?
The selling pressure alone would weigh on the stock, and additional capital would likely be more expensive to raise. For most investors, Lucid is simply far too risky to invest in currently, but there is a light at the end of the tunnel. On the whole, Lucid is a risky stock because of its immense cash burn and no clear pathway to profitability. However, over the long term, the company still has millionaire-maker potential, as new model releases potentially help it scale up its business model.While some more green energy companies might go bankrupt over the next couple of years, Lucid Group might not, given its backing from Saudi Arabia’s sovereign wealth fund, which has poured billions into the EV company already.