Courtesy of Lucid Group
Quick Read
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Lucid Group (LCID) shares fell to $6.22 on speculation that Saudi Arabia’s Public Investment Fund (PIF) could take the company private, with the PIF controlling 58% and having invested $9.5B since 2018.
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The PIF faces a binary choice between absorbing more dilutive capital alongside public shareholders or taking Lucid private to avoid quarterly scrutiny, with a full buyout looking economically cleaner at the depressed market cap relative to its sunk-cost investment.
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The analyst who called NVIDIA in 2010 just…
