On January 27, Lucid Group, Inc. (NASDAQ: LCID) shares soared 43% and closed at US$12.87 on unsubstantiated rumors that Saudi Arabia’s Public Investment Fund (PIF), which owns about a 62% stake in Lucid, is preparing to buy the shares in the auto maker it does not already own. Neither Lucid nor PIF has commented on the report that … Continue reading Lucid Motors: Is A Saudi Fund About To Conduct A Buyout?