Lucid Motors Seeks $1 Billion More From Saudi Backers Amid Slow Air Sedan Sales
- Lucid Motors raising another $1 billion from Saudi Arabia's Public Investment Fund
- Saudi Arabia already has about 60% ownership stake in Lucid
- Lucid struggling to find buyers for its expensive Air electric sedan
- Company has cut Air sedan prices multiple times trying to boost sales
- Lucid CEO said he won't rely too heavily on Saudi funding despite latest cash infusion
