Prince Al Waleed bin Talal Al Saud has bought a 5% stake in Lucid Motors, according to the report, increasing the broader Saudi ownership position in the electric vehicle company. The purchase adds another high-profile Saudi investment to Lucid at a time when the automaker remains closely watched by investors and the EV industry.
The development comes after recent speculation that Saudi Arabia could try to take Lucid private. Lucid has denied that such a deal is underway, but the new stake purchase is likely to keep attention on the relationship between the company and Saudi-linked investors.
Saudi backing has been a major part of the story around Lucid for some time, and this latest move reinforces how important that connection remains. A larger overall Saudi ownership stake could shape market expectations around Lucid’s funding options, strategy and long-term ownership structure.
For now, the key update is that a member of the Saudi royal family has expanded exposure to Lucid rather than the company announcing any take-private transaction. That leaves Lucid still public, while questions around future Saudi involvement are likely to continue.
