Prince Alwaleed bin Talal, dubbed the “Arabian Warren Buffett,” just dumped over $150 million into Lucid Motors—owning 19 million shares—sending the luxury EV’s stock soaring. Despite losing 75% of its value in a year and facing tax credit cuts and massive losses, this royal-backed bet is sparking renewed investor confidence. Can this high-stakes injection of cash turn Lucid’s fortunes around in the cutthroat EV race?
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