Birdwatch Note Rating
2023-07-04 18:12:34 UTC - HELPFUL
Rated by Participant: 87A948AC6526D77BA30281DC5160164016C016BD4727CF9F68602C3C8EEDD6B4
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