Tesla rival Lucid’s stock soared 43% on rumors of a Saudi takeover For more information please click here to contact Tuan Nguyen By Bizjournals.com Feed (2019-07-12 16:19:27) | January 27, 2023 The Newark company’s shares saw their biggest one day gain on record based on a rumor that Saudi Arabia’s Public Investment Fund (PIF) wants to buy out the electric vehicle maker. Posted in Sacramento Business Journal