Lucid Seeks International Funding Beyond PIF as Stock Hits New Record Low | EV

Lucid Motors' shares hit a new all-time low as interim CEO Marc Winterhoff announced the company is seeking additional international funding beyond its main backer, Public Investment Fund (PIF). Despite PIF's significant investment, Lucid is exploring new financing options as it prepares for expansion in Europe and plans to produce its mid-size platform in Saudi Arabia.