Saudi investor Prince Alwaleed bin Talal Al Saud has increased his exposure to electric mobility by acquiring a 5% stake in Lucid Motors, adding to the Kingdom's broader ownership in the company.
A recent filing with the U.S. Securities and Exchange Commission shows that the prince's investment office bought just over 19 million shares. He said the purchase was made when Lucid's market value was below $2 billion, underscoring a long-term view on the EV maker's potential.
The move arrives as Lucid continues a wider operational reset under CEO Silvio Napoli, who has been streamlining the company to strengthen its path toward efficiency and scale. The brand remains backed by Saudi Arabia's Public Investment Fund, which has supported Lucid since 2018 and has held a major ownership position since the company went public in 2021.
Beyond the balance sheet, the investment reflects continued confidence in electric vehicle innovation and the global race to build premium, software-driven cars. As Lucid works to sharpen its strategy, the latest stake signals that patient capital still sees room for growth in the next chapter of mobility.
This development may help shape how long-term investment and clean transportation evolve together in the years ahead.
