Electric-vehicle maker Lucid Group pulled in roughly $1.05 billion in fresh capital this week, a mix of stock sales and big checks from Uber Technologies and Saudi Arabia’s Public Investment Fund. The haul breaks down simply. A $300 million public offering of common stock, priced and underwritten by Bank of America. An extra $200 million from Uber, pushing its total stake to $500 million. And $550 million in convertible preferred stock from Ayar Third Investment, a PIF affiliate that already calls the shots as Lucid’s largest shareholder with about 60% ownership. Lucid Group investor relations laid out the details in a filing dated April 14, 2026. Shares perked up in premarket trading on the news. Then reversed. Down 4.7% to $8.81 by midday, extending a brutal slide—nearly two-thirds of value erased over the past year. Investors see the cash as essential. But dilution stings. A New Driver at the Wheel Timing couldn’t be tighter. Lucid tapped Silvio Napoli, a Swiss-Italian industrial veteran, as its next CEO.…