Saudi Arabia reportedly in early talks with Tesla to set up EV manufacturing facility [Globe and Mail, The (Toronto, Canada)]
Lucid Group, Inc. (LCID)
Company Research
Source: Globe and Mail, The
The kingdom has been trying to shift its economy away from oil, while its sovereign wealth fund is the majority investor in Lucid Group, one of the EV startups looking to challenge Tesla's dominance of the industry. One of the proposals the kingdom is considering involves extending financing to commodities-trading giant Trafigura for a flailing Congo cobalt and copper project, which could help provide a potential Tesla factory with supplies, the WSJ report said. Tesla and Trafigura did not immediately respond to Reuters requests for comment, while Saudi Arabia's sovereign fund, the Public Investment Fund, declined to comment. Musk said in May that Tesla would probably pick a location for a new factory by the end of this year. It currently has six factories and is building a seventh in Mexico in northern Nuevo Leon state, part of the automaker's push to expand its global footprint. It has a goal to sell 20 million vehicles a year by 2030, up from around 1.3 million in 2022.
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LCID
News
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- Jim Cramer Shares Bearish Sentiment Toward Lucid Group [Yahoo! Finance]Yahoo! Finance
- Lucid Group, Inc. (LCID) Announces Introduction Of Lucid Recharged [Yahoo! Finance]Yahoo! Finance
- Sterling Infrastructure and Taylor Morrison Home have been highlighted as Zacks Bull and Bear of the Day [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 11/5/25 - Miss
LCID
Sec Filings
- 12/15/25 - Form 4
- 12/9/25 - Form 4
- 12/9/25 - Form 4
- LCID's page on the SEC website