Luxury EV maker Lucid Motors sidesteps US tariffs at Saudi plant

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. Luxury electric vehicle maker Lucid Motors opened a manufacturing plant in Saudi Arabia two years ago in part to fulfill a major purchase order with the country. Now, the facility may serve another purpose: avoiding American tariffs. Speaking at the UBS Global Industrials and Transportation Conference in Florida on Wednesday, Lucid Motors CFO Taoufiq Boussaid said his Newark ...