{"id":84144,"date":"2024-03-07T00:00:00","date_gmt":"2024-03-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/07\/lucid-says-fundraising-inevitable\/"},"modified":"2024-03-07T00:00:00","modified_gmt":"2024-03-07T00:00:00","slug":"lucid-says-fundraising-inevitable","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/07\/lucid-says-fundraising-inevitable\/","title":{"rendered":"Lucid says fundraising inevitable"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no single story dominating coverage of Saudi in the foreign press, but <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/356479d2-f08b-4ab1-9233-3a2bc49596ff\" style=\"\" rel=\"noopener\">The<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/356479d2-f08b-4ab1-9233-3a2bc49596ff\" style=\"\" rel=\"noopener\">Financial Times<\/a><\/strong><strong> is out with an interview with the CEO PIF-backed EV startup Lucid Motors on the inevitability of fundraising for its business. <\/strong>The company cannot depend on the \u201cbottomless wealth\u201d of its Saudi owner and therefore needs to raise funds this year. \u201cIt\u2019s inevitable we need to raise in the future, it\u2019s just a question of when,\u201d CEO Peter Rawlinson told the salmon-colored paper. \u201cWe need to pick our moment.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe need to pick our moment,\u201d CEO Peter Rawlinson told FT<\/p>\n","protected":false},"author":1,"featured_media":84145,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[10,1394,2700,1396,1395,229],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saudi-in-the-news","tag-enterpriseam-ksa","tag-fia","tag-lucid","tag-mohammed-ben-sulayem","tag-saudi-arabian-grand-prix-2023","tag-saudi-in-the-news","wpautop","entry"],"acf":{"mongo_id":"edd90c16-930e-4328-912a-eee0432d7282","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/613.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Lucid says fundraising inevitable","related_issue":[84126],"teaser":"\u201cWe need to pick our moment,\u201d CEO Peter Rawlinson told FT","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.e1d0db13-7292-4b21-9f5c-ab7f6ad0eb47.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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