A major stake in electric vehicle company Lucid Motors, held by Saudi Prince Alwaleed bin Talal, has taken a significant paper loss, reportedly plummeting by $26 million in value. The decline follows broader market volatility and shifting investor sentiment around high-growth EV startups. Analysts suggest the drop reflects both broader economic pressures and concerns over Lucid’s production challenges and financial health. The development underscores the risks faced by high-profile investors in unprofitable but high-potential tech sectors.
Lucid Stake of Saudi Prince Alwaleed Swings to a $26 Million Paper Loss Electric Vehicles
