Birdwatch Note Rating
2023-07-05 05:00:16 UTC - HELPFUL
Rated by Participant: 3913D50797A8678844B19CB92EA3AF4E6E0812453D8515FA4E111F4032D2A9DC
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