{"id":1970,"date":"2026-07-28T22:13:25","date_gmt":"2026-07-28T22:13:25","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1970"},"modified":"2026-07-28T22:13:25","modified_gmt":"2026-07-28T22:13:25","slug":"lucid-motors-shares-skyrocket-20-after-billionaire-saudi-prince-discloses-150-million-stake","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1970","title":{"rendered":"Lucid Motors Shares Skyrocket 20% After Billionaire Saudi Prince Discloses $150 Million Stake"},"content":{"rendered":"
\n

forbes valuation<\/h2>\n

Prince Alwaleed, who holds stakes in several companies, like the Four Seasons hotel chain through the Saudi Arabia-listed Kingdom Holding, has a net worth estimated at $22.9 billion<\/u>. He has invested in both X and Elon Musk\u2019s SpaceXAI, formerly xAI, in addition to investments in Snap and the Arabic-language movie and music firm Rotana. Forbes removed Prince Alwaleed from its billionaire ranks in 2018 following his monthslong detainment by the Saudi government in 2017, before he and other Saudis were included again in 2025.<\/p>\n

Read more $50 Billion Florida Heating Company Reveals Subsidiary Served An Iranian Embassy<\/a><\/p>\n

big number<\/h2>\n

$90.9 billion. That\u2019s Lucid\u2019s all-time high market capitalization reached in November 2021, when shares traded as high as $648.60. Lucid\u2019s stock lost almost all of its value by July 14, when shares traded as low as $2.37, marking a 99.6% collapse.<\/p>\n

Read more Gavin Newsom Downplayed Affair With Top Aide\u2019s Wife, She Asserts In Tell-All<\/a><\/p>\n

key background<\/h2>\n

Lucid has recovered slightly since shares hit a record low earlier this month, when the electric-vehicle publication EV reported the automaker had considered filing for bankruptcy. In a statement to Forbes, Lucid\u2019s chief communications officer Nick Twork said the report was \u201ccompletely false\u201d and Lucid had \u201csufficient liquidity\u201d for the next year and had not explored bankruptcy. Lucid, once viewed as a potential rival to Tesla, was founded by a former Tesla engineer and went public via a SPAC deal in 2021, valuing the company at $24 billion. It posted a net loss of over $1 billion through its first quarter this year and announced layoffs in February and June. <\/p>\n

Read more Fauci Testifies Tomorrow: Here\u2019s What We Learned From His Diaries<\/a><\/p>\n

<\/div>\n

further reading<\/h2>\n

Forbes<\/span>Lucid Motors Denies Bankruptcy Rumors After Stock\u2019s 55% Crash<\/span>By Zachary Folk<\/span><\/small><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

The electric vehicle manufacturer recently denied reports of bankruptcy.<\/p>\n","protected":false},"author":1,"featured_media":1969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nLucid Motors Shares Skyrocket 20% After Billionaire Saudi Prince Discloses $150 Million Stake - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=1970\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lucid Motors Shares Skyrocket 20% After Billionaire Saudi Prince Discloses $150 Million Stake - Coast to Coast Movers\" \/>\n<meta property=\"og:description\" content=\"The electric vehicle manufacturer recently denied reports of bankruptcy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coasttocoastmoverss.com\/?p=1970\" \/>\n<meta property=\"og:site_name\" content=\"Coast to Coast Movers\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-28T22:13:25+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1970#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1970\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\"},\"headline\":\"Lucid Motors Shares Skyrocket 20% After Billionaire Saudi Prince Discloses $150 Million Stake\",\"datePublished\":\"2026-07-28T22:13:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1970\"},\"wordCount\":299,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1970#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/b16b078a4b2456f5028794138a736fe8.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1970#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1970\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=1970\",\"name\":\"Lucid Motors Shares Skyrocket 20% After Billionaire Saudi Prince Discloses $150 Million Stake - 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