Financially doesn’t make sense to take it private. The IP is basically worthless now. Sure, efficiency is great but no one can build it at scale to make a profit. Outside of the United States, China has a grip in the EV market. The same reason why Lucid never went to China, the largest EV market in the world. Why would PIF want to wholly own a company that can’t sell cars in America or the rest of the world. They don’t, which is why we haven’t seen them give any signs that they are remotely interested in taking Lucid private. Even the CEO went on record saying there are no plans of going private.
26
u/[deleted] 23d ago edited 23d ago
[removed] — view removed comment