Saudi Arabia’s sovereign wealth fund has made a fortune on Lucid Motors but missed out on another windfall by selling Tesla stock
- Saudi Arabia’s Lucid Motors stake is more valuable than the rest of its US stocks combined.
- The country’s Public Investment Fund owns Lucid shares worth about $46 billion today.
Who are the major investors in Lucid Motors?
Top 10 Owners of Lucid Group Inc
| Stockholder | Stake | Total value ($) |
|---|---|---|
| The Vanguard Group, Inc. | 2.14% | 1,865,968,951 |
| Franklin Advisers, Inc. | 0.89% | 779,385,283 |
| Blackstone Alternative Solutions | 0.51% | 444,325,565 |
| BlackRock Fund Advisors | 0.46% | 401,153,116 |
Who is Lucid Motors owned by?
CEO Peter Rawlinson leads the company
At the helm of Lucid is Peter Rawlinson, a former chief engineer of the Model S under Elon Musk, Tesla’s CEO. He left Tesla after three years, feeling frustrated and limited in his work there. Rawlinson, 63, is a mechanical engineer by training.
How much of Lucid is owned by Saudi?
The move comes after Saudi Arabia’s Public Investment Fund poured $1 billion into the company in April 2019 – giving it a 67 per cent stake in the firm.
Can you invest in lucid Motors?
How to Buy Lucid Motors Stock. There are 2 ways that you can invest in Lucid Motors. First, you can invest in shares of Churchill Capital Corp IV now. As the SPAC that will be merging with Lucid Motors, shares of CCIV will transfer to shares of Lucid Motors after the merger is complete.
Who has invested in rivian?
Rivian has over $10 billion in investments from Amazon, Ford Motor and several Wall Street firms.
Who is CEO of Lucid Motors?
Peter Rawlinson
Peter Rawlinson serves as the Chief Executive Officer and Chief Technology Officer of Lucid. As CEO, Peter is responsible for all strategic and business aspects of the company. As CTO, he is responsible for the creation and delivery of all Lucid products.
Is Lucid overpriced?
Its last traded price was $1,172, a run-up of over 800%. For 23 months, analysts and market experts have kept reiterating that the stock is overvalued, but Tesla shareholders haven’t listened to them.Lucid stock is also seeing the same wild swings in its stock price like Tesla.
Where is Lucid factory?
Casa Grande
PHOENIX Governor Doug Ducey today joined Lucid Motors to celebrate the start of production of its Lucid Air at its Advanced Manufacturing Plant in Casa Grande. Today’s event signifies a new era in electric vehicle manufacturing in Arizona, said Governor Ducey.
Who backed lucid?
Saudi
Lucid Motors, an electric vehicle company with backing from Saudi Arabia’s Public Investment Fund (PIF), announced in a statement Wednesday that it would be producing two distinct versions of its upcoming Lucid Air Dream Edition car.
Who is Churchill Capital?
Churchill Capital IV is a blank-check company formed by Wall Street veteran Michael Klein, one of the most prominent figures in the SPAC game alongside Chamath Palihapitiya and Bill Foley.
Can I buy Lcdx stock?
Shares of LCDX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
What will lucid stock be worth in 10 years?
But even assuming a delivery number much less than this — and further assuming that the stock won’t reach Tesla’s gigantic valuation — it is fair to believe that Lucid stock could rise to at least $180 in 10 years.
Is Ford invested in Rivian?
The two companies initially announced development of a joint vehicle when the automaker invested $500 million in Rivian in 2019. Ford retains a 12% stake in Rivian, which at the company’s IPO last week reached a value of more than $10 billion.
Who are the largest investors in Rivian?
Wall Street’s biggest institutional investors, including T. Rowe Price and BlackRock, are betting on Rivian to be the next big player in a sector dominated by Tesla Inc amid mounting pressure on automakers in China and Europe to eliminate vehicle emissions.
Is Rivian profitable?
Rivian has yet to post a profit. Rivian is in the early stages of production, and until it scales output, losses are to be expected. It had net losses of $426 million and $1 billion for 2019 and 2020, respectively.
What does Elon Musk think lucid?
Commenting on the valuation of Lucid and Rivian, Elon Musk added that (Is) it possible to start an EV company without shipping any cars & get a valuation less than a billion dollars!? In a later post on Twitter, Musk shared more of his thoughts.
How much will a lucid car cost?
Lucid hopes to undercut Tesla with its Air Pure base version, capable of driving 406 miles and priced at just $77,400 excluding a $7,500 federal tax credit.
What is lucid air stock?
Open $38.00. 52 Week Range 9.90 – 64.86.
Is lucid a Chinese company?
Lucid Group, Inc. (formerly known as Atieva) is an American electric vehicle manufacturer headquartered in Newark, California. Lucid’s other divisions include energy storage, and original equipment manufacturing. The company was founded in 2007.
How many cars can Lucid produce?
The single-motor $77,400 base Pure, will offer 480 horsepower. Lucid projects it will only build 577 cars in 2021, then 20,000 units in 2022.
Contents