Lucid Group (NASDAQ:LCID) Shares Surge 22% After Saudi Prince Acquires 5% Holding, Yet Cash Concerns Persist

Shares of Lucid surged 21.8% to $7.92 late Tuesday, following news that Prince Alwaleed Bin Talal revealed a 5% stake. The stock climbed as high as $8.50, with trading volume reaching 35.2 million shares.

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