By Ellen Chang Shares of Lucid Motors rose on Friday after rumors of being acquired by a Saudi Arabia fund. Lucid Group (LCID) – Get Free Report saw its shares nearly double on speculation that Saudi Arabia’s Public Investment Fund, the country’s sovereign wealth fund, might be preparing to buy the shares it doesn’t already own. The fund currently owns a 62% stake in the Newark, Calif., producer of higher-end EVs. At last check the shares were up 45%, as investors were eager for Lucid to receive a further infusion of capital. A report from Betaville speculating on the prospect of a deal could …