Birdwatch Note Rating
2023-07-04 20:38:39 UTC - HELPFUL
Rated by Participant: 9F2D8AF911E90BFE1D38AB5326CCB7C9B8F223D796C78AC66C2B560D6DE44E02
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