Why Did Lucid Stock Soar This Week?
Lucid Group's stock surged 12% this week, driven by news of its expanding manufacturing facility in Saudi Arabia. The investment by Saudi Arabia's Public Investment Fund (PIF), which owns 60% of Lucid, provided critical financial backing and confidence to investors. Industrial automation giant Rockwell Automation is partnering with Lucid to enhance production operations at the Saudi plant, further solidifying PIF's long-term commitment to the EV maker.
https://finviz.com/news/285623/why-did-lucid-stock-soar-this-week