EV maker Lucid announces $3 billion raise from Saudi public wealth fund and stock offering

Lucid is raising $3 billion via a secondary stock offering, including about $1.8 billion from the Saudi fund that controls the automaker.

from International: Top News And Analysis https://www.cnbc.com/2023/05/31/lucid-lcid-announces-3-billion-raise-from-saudi-fund-others.html