Saudi prince buys 5% stake in Lucid Motors
The Saudis have remained a major source of financial support for Lucid Motors since it went public, buying up shares and lending billions of dollars as the company has struggled to reach a mass market of EV buyers in the U.S. and abroad.
https://techcrunch.com/2026/07/28/saudi-prince-buys-5-stake-in-lucid-motors/Open linkView original on lemmy.dbzer0.com
8 replies
It's crazy how the Saudis oscillate between "we want to be green and modern" and "we want to do oppression and atrocities".
it's not an oscillation, they want to be green and modern so they can do oppression and atrocities.
Fully automated luxury gay space communism?
Nah, how about fully slave-powered luxury homophobic space monarchy?
They just want the slaves to build a fully automated luxury homophobic space monarchy for them.
continue
No! We want the atrocities to STOP!
No it's "we want to continue being rich so we are using all this money we got from oil and investing it just in case oil price crashes."
Also Lucid prices are stupid low. I know, I invested in them and watched the stock tank 90%.
I think there are several factors pushing their thought process: the western colonialism and eastern traditionalism. You can see colonialism via their job force demographics: can confidently say its majority international folks working low to mid wage jobs. Also fact that western nations infringing their business models and all that. While the Eastern tradition thought is in shambles, as a country that could have easily evolved to a better culture, reviving their past traditions. (My point is that anyone and every should be held to better standards to uplift, retain and maintain their culture as a means of self preservation, identity & rather conforming to external influences and norms.)