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    Business

    Saudi Prince Alwaleed takes 5% stake in EV maker Lucid

    The disclosure sent ‌its shares up more than 20%.

    ReutersReuters
    1 min read
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    Lucid's shares have lost about ​97% of ‌their value ​since the company went public, ⁠as it has struggled to turn a profit nearly five years after ​its ⁠market ⁠debut. Picture credit: Reuters

    Lucid's shares have lost about ​97% of ‌their value ​since the company went public, ⁠as it has struggled to turn a profit nearly five years after ​its ⁠market ⁠debut. Picture credit: Reuters

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