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0.0033444816053511 0.0033444816053511 0.0033444816053511 0.00167224080267555 0.0033444816053511 0.0104013377926421 -0.0100334448160536 -0.00668896321070235
Stock impact report

Wall Street Breakfast Podcast: Lucid Group Secures $1B Investment [Seeking Alpha]

Lucid Group, Inc. (LCID) 
Company Research Source: Seeking Alpha
WeWork founder Adam Neumann makes $500M bid to buy back the company. Listen below or on the go on Apple Podcasts and Spotify Lucid Group ( LCID ) rallies after a new Saudi fund investment bolsters confidence . (00:24) World's largest oilfield services company has no plans to leave Russia - FT. (01:31) WeWork ( OTC:WEWKQ ) founder and former CEO Adam Neumann makes bid for company. (02:39) This is an abridged transcript of the podcast. An affiliate of the Saudi PIF wealth fund has made a $1B investment in Lucid Group (NASDAQ: LCID Ayar Third Investment Company is already a majority stockholder in Lucid Group. Morgan Stanley said the amount of the capital raise was slightly lower than expected, but also noted that it is equal to the firm's forecast of first-half free cash flow losses for Lucid Group ( LCID ). Analyst Adam Jonas also said the timing was slightly earlier than expected. Overall, Jonas and the MS analyst team see the PIF investment as a modest positive for the s Show less Read more
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