Replies to post #966 on Lucid Group Inc (LCID)

[uksausage]

good interview and background on the CEO.

They just need to announce the merger details, they need to be rolling out Airs soon and more cash will help.

[Ruby Tuesday]

For now the private Newark, California-based company is paying for Air’s development and production with a $1.3 billion investment in 2018 from Saudi Arabia’s Public Investment Fund, which, according to Pitchbook, valued the company at $15 billion. That’s on top of the $150 million the company had previously raised. But making cars is expensive and Rawlinson knows he has to find even more money and is looking to list shares publicly, possibly via a SPAC. Though he’d previously considered SPAC a “dirty word,” that’s changed. “That was the financier’s view, that was Wall Street's view of SPACs, not so long ago. I think I would say what a difference a year makes,” he says, without confirming a specific plan.

[crudeoil24]

Excellent article! The Saudi money connection was a big financial catalyst.

[luke424]

Nice!