Birdwatch Note Rating
2023-07-04 17:32:00 UTC - HELPFUL
Rated by Participant: 3212CCD01AF12576C8EDE5DDEF36B6AAB6FF73B50F418E24CBF012D1848601F9
Participant Details
Original Note:
Lucid is operated in the US but its majority stockholder is Saudi Arabias Public Investment Fund (PIF): https://electrek.co/2023/06/02/lucid-raises-3-billion-from-saudi-arabias-pif-stock-sale/#:~:text=EV%20startup%20Lucid%20(LCID)%20revealed,Public%20Investment%20Fund%20(PIF). Per the Lucid site: "Ayar, owns approximately 62.7% of our outstanding common stock [... and] has the ability to nominate five of the nine directors to our Board" https://ir.lucidmotors.com/node/7156/html
All Note Details