Lucid Group Inc. (NASDAQ: LCID) Trades at $5.80 as Saudi Capital Keeps Production Alive
Lucid Group (LCID) traded around $5.80 on May 22, with the stock supported mainly by Saudi Arabia’s Public Investment Fund, which owns about 60% of shares, rather than current vehicle sales. The company produced ~10,000 vehicles in 2025. Investors will watch next earnings for Gravity deliveries, Air production, and cash runway, including whether PIF must fund further in 2026.