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Stock impact report

Lucid Tanks 10%: Is a Saudi PIF Buyout the Only Way Out for This Struggling EV Maker? [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
The PIF faces a binary choice between absorbing more dilutive capital alongside public shareholders or taking Lucid private to avoid quarterly scrutiny, with a full buyout looking economically cleaner at the depressed market cap relative to its sunk-cost investment. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE Shares of Lucid Group NASDAQ:LCID ) are down roughly 10% in midday trading Thursday, slipping to $6.22 from a prior close of $6.91. The slide puts the struggling EV maker's market capitalization at roughly $2.31 billion, hovering just above its 52-week low of $6.75. The catalyst is fresh speculation that Saudi Arabia's Public Investment Fund (PIF), Lucid's majority shareholder, could take the company private. Investors are split on whether a full buyout would be a rescue or a raw deal at these depressed levels. The PIF already controls roughly 58% of Lucid's outstanding shares and has invested $9.5 billion since 2018. With th Show less Read more
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