LCID Stock Alert: Lucid Motors Sees More Fundraising Is ‘Inevitable'

Shares of Lucid (NASDAQ:LCID) stock are in the spotlight after the Financial Times caught up with CEO Peter Rawlinson at the Geneva Motor Show. During the conversation, Rawlinson admitted that the electric vehicle (EV) company would need to raise additional capital, saying: “It’s inevitable we need to raise in the future, it’s just a question of when.”Saudi Arabia’s Public Investment Fund (PIF) has been a prominent supporter of the company, investing in every single fundraising round that Lucid has enacted. ...