What's Going On With Lucid (LCID) Stock
Portfolio Pulse from Henry Khederian
Lucid Group's stock is trading higher after the Saudi Public Investment Fund increased its stake in the company and Lucid announced a technology partnership with Aston Martin. The partnership is worth over $450 million and will give Aston Martin access to Lucid's electric vehicle powertrain and battery systems.
June 27, 2023 | 2:10 pm
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Lucid Group's stock is trading higher due to the Saudi Public Investment Fund increasing its stake and a technology partnership with Aston Martin worth over $450 million.
The Saudi Public Investment Fund's increased stake in Lucid Group and the technology partnership with Aston Martin are both positive developments for the company. The partnership will generate significant revenue and give Aston Martin access to Lucid's electric vehicle technology, which could lead to further growth and collaboration opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100