September 17, 2024 7:48 am
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Lucid Group surprises Wall Street pundits with upbeat sales numbers

By Greg Barr | Phoenix Business Journal

Lucid Group Inc. saw its shares get a hefty bump in early trading Tuesday after the electric vehicle maker released its second quarter financials, bringing in sales revenue that easily exceeded Wall Street expectations, as well as announcing that it has more funding on the way.

What’s more, the company said it would receive another huge investment of as much as $1.5 billion from an affiliate of the Saudi Arabia-based Public Investment Fund, which has been one of Lucid’s prime backers since day one, in order to help it prepare for the rollout later this year of its much-anticipated Gravity luxury SUV.

Read the full subscription story from the Phoenix Business Journal.

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Glendale sells small parcel for development

By Richard Smith | YourValley The Glendale City Council unanimously voted Sept. 10 to sell a small leftover parcel near downtown for commercial development.  This parcel is about 2.75 acres at 4701 W. Glendale Ave., CivicGroup, doing business

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.