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Saudi Prince Alwaleed Invests Over $120 Million to Acquire Approximately 5% Stake in Electric Vehicle Maker Lucid
23 hour ago /
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Author：小编
On July 28 local time, Prince Alwaleed, a member of the Saudi royal family, filed a regulatory document disclosing his recent purchase of 19.5 million shares of U.S. electric vehicle manufacturer Lucid, representing a 5% stake in the company and valued at over $120 million. This investment comes after Lucid recently shook off bankruptcy rumors and is seen as a significant vote of confidence, with Lucid's stock price surging nearly 20% following the announcement.
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