Lucid Group Inc (LCID)

[KMC-1]

I'm hopeful that will be a step in the right direction. The Saudi's have the money - hopefully they will buy skilled labor and recognize the quality of the product MUST BE world class. If they come into it with some caveman mindset and crappy work ethic they will drag the entire brand reputation into the gutter. I am concerned about that to be honest. It's a lot for Lucid management to take on in the middle of inventing new models, building multiple factories, establishing all the supply chains needed to efficiently ship product to global locations and then meet all the quality standards using a workforce without a history of manufacturing.
If they do it right though, I agree with you that it will open up huge potential revenue - Muslims buying from Muslims is a HUGE selling point because that is a cornerstone of the religion. That said the Saudi's are not exactly the most popular sect of the religion and they may get the cold shoulder so I am curious to see how it all works out. In truth, I really wish Lucid would have just kept to the path they were on and built out the Casa Grande plants until they had several models and real revenue, but then they probably wouldn't have been able to secure the funding.