[BUSINESS]■ STORY TIMELINE
SAUDI PRINCE TAKES 5% STAKE IN LUCID MOTORS
A Saudi prince has purchased a 5% stake in Lucid Motors, the luxury electric vehicle maker. The investment follows reports that Saudi Arabia may attempt to take the company private, which Lucid has denied.
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The investment comes after speculation that Saudi Arabia may take Lucid Motors private -- which the EV maker has denied.