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With Riyadh’s backing, the electric-car maker could get through this crunch period
In this week’s Fortune Gulf Brief.
Lucid Motors wants everyone to know its not going bankrupt
The company said the "rumors are completely false" after its stock sank more than 50% on a report that it was weighing the option.
The beleaguered electric vehicle manufacturer’s stock crashed on Tuesday after a report indicated it could be considering bankruptcy or going private.
Saudi-owned carmaker has hired AlixPartners to help ‘strengthen operations’
Lucid Motors has been battling tepid sales and missed Q2 2026 delivery estimates. While the company has the backing of Saudi Arabia's PIF, it cannot solve its sales woes.
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