Lucid Group is trading 21% up at $7.87 after Saudi Prince Alwaleed bin Talal disclosed a 5% personal stake in the electric vehicle manufacturer.
- An SEC filing on July 28, 2026, revealed the purchase of approximately 19.5 million shares, a position valued at nearly $126 million based on the July 23 closing price.
- The significant investment from the prominent Saudi royal has bolstered investor confidence, driving a sharp rally in the stock.