Lucid’s stock, in which the investment fund owns a majority stake, collapsed to its lowest historical level, as it closed last week on Friday at $2.71 per share, which is a very low price.
The stock lost more than 33% of its value during the current year 2024, while last year it lost approximately 65% of its value.
Read also: Al-Fateh returns to training again… after a period of suspension leave for the Saudi Roshan League. Chairman of the Entertainment Authority in Saudi Arabia | His Excellency Counselor Turki Al-Sheikh kisses Ali Al-Midfa’s head. Watch the strangest reason for a person to sell his large house in Al-Shifa to buy a small apartment in Riyadh, after the allegation that he appeared on the streets of “Tripoli”! Here is the truth about the crocodile video and its real appearance
The company, which specializes in luxury electric cars, suffers from weak sales, competition with car companies, and a price war.
The company was able to sell only 6,001 cars during the past year, 2023, which did not meet the company’s expectations, which were very ambitious. It said that it sent 800 cars for assembly at its factory in Saudi Arabia.
The company announced the launch of an economical car at a price of 50 thousand US dollars during the coming period with the aim of competing with Tesla.
Read also
-
Al-Hilal Saudi Arabia wins over Al-Shoula and sets a date with Al-Ahly of Bahrain on this date
-
And you have life in retaliation! The Ministry of Interior announces the implementation of the death sentence as retaliation against one of the perpetrators in Hail
-
With lucrative salaries for holders of various certificates Saudi Airlines announces the availability of employment opportunities…
-
Watch the video | A Saudi citizen reveals an easy way to lose weight from 95 to 75 kg
- How to modify Haramain train tickets from Jeddah to Mecca
- How do I register a Twitter account with my phone number?
- Steps to submit an application for aid to Crown Prince Mohammed bin Salman
- How to extract and print Al Rajhi Takaful insurance certificate electronically and its types
- Goodbye to hair loss… Here is the best vitamin E to treat hair loss in a healthy way
- Conditions for registration in the women’s incentive
- How to upload a vaccination certificate on the Tawakkalna 1445 application and the required conditions
- The reputation of dates outside the borders of the Kingdom This is an elderly person’s reaction after eating Saudi dates
- Only and exclusive | Watch the video of the moment the car of the kidnapped Saudi and Kuwaiti caught fire in Iraq
- Conditions for registration in the Tawakkalna online application for residents and visitors 1445 in Saudi Arabia
2024-01-21 19:08:00
#Lucid #shares #owned #investment #fund #close #historic #company #announces #car #thousand #Sky #Saudi #Arabia
