Lucid Group shares rose about 24% on Tuesday after a regulatory filing showed Prince Alwaleed bin Talal bought roughly 19.5 million shares for $129.5 million, lifting his stake to 5%. A spokesman said the purchase followed a recent sharp decline in Lucid's share price. Markets viewed the investment as a confidence vote that could ease investor concerns after earlier cash-pressure and loss-driven bankruptcy fears; Lucid denied bankruptcy reports but confirmed it had hired AlixPartners and previou

Lucid Group shares rose about 24% on Tuesday after a regulatory filing showed Prince Alwaleed bin Talal bought roughly 19.5 million shares for $129.5 million, lifting his stake to 5%. A spokesman said the purchase followed a recent sharp decline in Lucid's share price. Markets viewed the investment as a confidence vote that could ease investor concerns after earlier cash-pressure and loss-driven bankruptcy fears; Lucid denied bankruptcy reports but confirmed it had hired AlixPartners and previously suffered a one-day 57% plunge. The company still faces challenges on sales growth, profitability and cash flow.