Who is Lucid Motors owned by?
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. 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. Other investors include large index fund managers like Vanguard Group, BlackRock, and State Street Corporation.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.
Is Lucid Motors a Saudi company?
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). Despite what the internet might tell you, Lucid Motors is not a Chinese company. Additionally, despite its similarities to Tesla, the two are not related. It has Silicon Valley roots and is based in Newark, California, while its manufacturing plant is in Case Grande, Arizona, which is a Phoenix suburb.
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. Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lucid Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Why is Lucid falling?
The company was burning through large amounts of cash, using over $950 million in the most recent quarter alone. Lucid also operated with negative gross margins, meaning it lost money on the cars it sold. These financial pressures existed alongside production setbacks and concerns about weakening demand for EVs. Burgeoning Losses, Trimmed Delivery Forecast For 2025 Lucid Motors continued to exhibit high losses, driven by an attempt to improve the scale of its vehicle manufacturing, which resulted in a net loss of $855. Q25.