Saudi Prince Alwaleed takes 5% Lucid (LCID) stake, stock jumps 25%
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Summary
<div class="feat-image"><img src="https://electrek.co/wp-content/uploads/sites/3/2026/06/IMG_E3923-e1782161892390.jpeg?quality=82&strip=all&w=1400" /></div><p class="wp-block-paragraph">Saudi billionaire Prince Alwaleed bin Talal has disclosed a 5% stake in Lucid Group, and the market read it as a fresh vote of Saudi confidence in the cash-strapped EV maker.</p> <p class="wp-block-paragraph">Lucid (LCID) shares jumped as much as 25% on Tuesday after the filing surfaced, even though the disclosure itself is passive and mostly a technical formality.</p>
<div class="feat-image"><img src="https://electrek.co/wp-content/uploads/sites/3/2026/06/IMG_E3923-e1782161892390.jpeg?quality=82&strip=all&w=1400" /></div><p class="wp-block-paragraph">Saudi billionaire Prince Alwaleed bin Talal has disclosed a 5% stake in Lucid Group, and the market read it as a fresh vote of Saudi confidence in the cash-strapped EV maker.</p>
<p class="wp-block-paragraph">Lucid (LCID) shares jumped as much as 25% on Tuesday after the filing surfaced, even though the disclosure itself is passive and mostly a technical formality.</p>