Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Tuesday, March 26th. I'm Julie Morgan.

Lucid Group gets a billion dollar confidence boost.

SLB will not leave Russia anytime soon,

and Adam Newman is still interested in We Work.

An affiliate of the Saudi PIF Wealth Fund has made a $1 billion investment in Lucid Group.

A, or a third investment company is already a majority stockholder in Lucid.

Morgan Stanley said the amount of the capital raise was slightly lower than expected,

but also noted that it is equal to the firm's forecast of first half

free cash flow losses for Lucid Group. Analysts Adam Jonas also said the timing

was slightly earlier than expected.

Overall, Jonas and the Morgan Stanley analyst team see the PIF investment as a modest positive

for the stock.

Even after the additional support of LCID's largest shareholder, Morgan Stanley thinks

loose its long-term success will come down to the company's ability to produce vehicles at

a cost lower than the selling price,

ramping the gravity model in a profitable capital efficient way,

and finding other avenues to extract value from the IP and technology portfolio.

LCID closed Monday up 5.4%.

Pre-market, the stock is up 1%.

SLB has no plans to exit Russia two years after the invasion of Ukraine.

The company CEO told the Financial Times on Monday that the company has not decided on whether to sell its Russia operations and

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