Lucid’s Lifeline – The Saudi Cash Injection and Uber Deal Trying to Save a Struggling EV Maker

For some time now, Lucid has been carrying a certain silence that surrounds a struggling automaker. The terms “burn rate,” “dilution,” and “runway” are frequently mentioned in conversations about the company during the past eighteen months. The announcement of a new CEO, an additional $550 million from the Saudi Public Investment Fund, and an additional […] The post Lucid’s Lifeline – The Saudi Cash Injection and Uber Deal Trying to Save a Struggling EV Maker appeared first on Cedar Key Beacon .