Lucid News: Why LCID Stock Is Making Bullish Headlines Today

Lucid (NASDAQ:LCID) stock is catching a bid after the electric vehicle (EV) company reported its secondquarter earnings. Lucid also announced that Ayar Third Investment Company, an affiliate of Saudi Arabia's Public Investment Fund (PIF), has agreed to an investment of $1.5 billion. Ayar is already the largest shareholder of LCID stock. The investment includes the purchase of $750 million of convertible preferred stock through a private placement and another $750 million through an unsecured delayed draw te ...