LCID Stock Alert: Reuters Warns of Trouble in Saudi Arabia for Lucid Motors

Shares of Lucid (NASDAQ:LCID) stock are in full focus following a Reuters article that warns of a rocky road ahead for the company in Saudi Arabia. The publication also warns that the Kingdom’s lack of infrastructure, human capital and raw materials will play a challenging role in the production of vehicles.Saudi Arabia and its sovereign wealth fund, the Public Investment Fund (PIF), have invested at least $10 billion into LCID stock. PIF alone has invested at least $5.4 billion as of August 2023, equating ...