Late morning trading shows Lucid stock price today around $3.11 after mild profit-taking. Price action reflects investor hesitancy as they await broader EV adoption updates from regulatory bodies. You have to distinguish two things. The PIF is one thing. They invested in us through the international arm, not the local arm. They see us as an American company that now happens to be also local in KSA. But it’s all about establishing an automotive cluster, being part of the Vision 2030, and localizing components over time, and creating jobs. To be fair, Lucid has managed to stay afloat (and relevant) at a time when companies in the U.S. startup EV ecosystem were going bankrupt pretty much left, right, and center. However, like other plays in the space—many of which eventually went out of business—Lucid has been on a stock-selling spree to fund its burgeoning losses. Lucid stock price today is flat at $3.12, mirroring consolidation patterns seen across several EV peers. The sideways trading suggests accumulation phases possibly leading to breakout moves in coming weeks.
