Overview
- Lucid shares rose about 12% this week, according to S&P Global Market Intelligence.
- Rockwell Automation will provide enterprise software for Lucid’s Saudi facility to manage general assembly, paint, stamping, body, and powertrain operations.
- Cantor Fitzgerald reported that Saudi Arabia’s Public Investment Fund remains supportive; the PIF holds roughly 60% of Lucid.
- CEO Marc Winterhoff told Bloomberg the Saudi plant is on track for full-scale production in 2026 with a ramp toward 150,000 annual capacity by 2029.
- Lucid produced 18,378 vehicles and delivered 15,841 in 2025 yet recorded sizable operating losses, and analysts expect further PIF funding that could dilute existing shareholders.