Wednesday, July 29, 2026
Saudi Prince Alwaleed discloses 5% stake in Lucid Motors
Prince Alwaleed bin Talal filed a Schedule 13G with the SEC on July 28 disclosing ownership of 19,513,000 Class A shares of Lucid Group, exactly 5% of shares outstanding, a stake worth roughly $150 million. The passive filing states the shares carry no intent to influence company control and follows a recent slump in Lucid's stock price. Lucid shares jumped about 20% on the news, adding to a month in which the stock has outperformed Tesla and Rivian.
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