Saudi PIF

Lucid Group, Inc. (NASDAQ:LCID) shares surged nearly 18% on Wednesday and continued to climb on Thursday following news of reinforced backing from the Middle East. Despite being largely overlooked by the media, a recent Cantor Fitzgerald report lifted Lucid shares after the EV maker hit a record...

In an interview with Semafor published on Thursday, Peter Rawlinson, CEO of Lucid Group, Inc. (NASDAQ:LCID) discussed the company's relationship with the Public Investment Fund (PIF) of Saudi Arabia, Lucid's rivalry with Tesla, Inc. (NASDAQ:TSLA) and Elon Musk's political views.  Saudi Money:...

Jared Kushner and his Affinity Partners have been under the cloud due to the kind of investment it drew from overseas financiers, including the Saudi Arabian sovereign wealth fund. As part of ongoing investigations, Senate Finance Committee Chair Sen. Ron Wyden (D-Oreg.) sent a letter to the chief...

Lucid Group Inc (NASDAQ: LCID) shares soared 6.1% in extended trading on Monday after the electric vehicle company said it had finalized a $1.5 billion equity offering, first announced in November. What Happened: The Newark, California-based EV maker raised the bulk of cash —...

As Tesla Inc (NASDAQ: TSLA) CEO Elon Musk tries to take Twitter Inc (NASDAQ: TWTR) private, text messages from 2018 reveal the billionaire entrepreneur's spat with Saudi Arabia’s Public Investment Fund (PIF) after his infamous “...