Lucid Group Inc.'s shares dropped after the company announced a $1 billion stock offering backed by Saudi Arabia’s Public Investment Fund, sparking concerns over potential economic collaboration with an authoritarian regime and resulting dilution for investors.

OpenSecrets data shows that in the 2024 cycle, Lucid Motors contributed $42,118 in campaign donations and spent $640,000 on lobbying. The profile also notes a significant revolving door, with several lobbyists having previously held government positions, raising concerns about the company’s influence in political circles.

Lucid Group Inc. agreed to pay nearly $258,000 in back pay and penalties to three fired workers and reinstate them, following a National Labor Relations Board order against its union-busting practices. The order also imposed a cease-and-desist requirement preventing the confiscation of union-related literature and employee surveillance aimed at uncovering union organizing.

Lucid Motors has agreed to a final settlement after being accused of engaging in extreme anti-union practices at its Casa Grande, Arizona plant. The settlement, approved by the NLRB on the last day of 2024, mandates the reinstatement of two employees, compensation for three affected workers, and the distribution of an informational video outlining workers’ rights. This development follows accusations of firings and other anti-union actions that led to multiple unfair labor practice charges.

Lucid Motors, associated with Lucid Group Inc., spent $640,000 on lobbying during 2024 as reported by OpenSecrets, indicating its active involvement in influencing federal policy and political processes.

Lucid Motors reached an NLRB-authorized settlement following allegations of extreme anti-union practices. The settlement, which includes $258,000 in back pay and mandates to cease unfair practices, reinforces workers' rights and sets a corrective precedent for labor relations.

In an interview published on October 19, 2024, Lucid CEO Peter Rawlinson discussed the company’s major investment from Saudi Arabia’s Public Investment Fund—which holds a 60% stake and has injected roughly $8 billion into the firm—and contrasted this with his commentary on Elon Musk's political distractions, noting that former Tesla employees and customers are shifting to Lucid partly out of disdain for Musk’s politicized leadership.

On March 25, 2024, Lucid Group Inc. announced an agreement with its majority stockholder, Ayar Third Investment Company – an affiliate of the Public Investment Fund (PIF) – to purchase $1.0 billion of convertible preferred stock through a private placement. The move ties the company financially to an entity linked to an authoritarian regime.

The Saudi Public Investment Fund invested over $1 billion in Lucid Motors to provide the funding necessary to launch the Lucid Air. This investment raises concerns of increased authoritarian influence over corporate governance due to the emirate’s ties to an ultraconservative regime.