Wizdeo Analytics

Why Does Saudi Arabia Keep Bailing Out Lucid?

Published on Wed, May 8th 2024 Film & Animation Rectangular HD

Lucid Motors is an electric vehicle start-up that went public by merging with a SPAC in 2021. Their vehicle sales have massively underperformed expectations and they're losing money at an alarming rate. Despite this, the Saudi Arabian sovereign wealth fund continues to pump billions of dollars into the company.

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0:00 - 1:38 Intro
1:39 - 7:40 Lucid Motors
7:41 Saudi Arabia