<?xml version="1.0" encoding="UTF-8"?><!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com --><!-- Created: Thu Aug 13 12:40:41 UTC 2026 --><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:common="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001035410</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Class A Common Stock, par value $0.0001 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>07/29/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001811210</issuerCik>
        <issuerName>Lucid Group, Inc.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>549498202</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <common:street1>7373 Gateway Boulevard</common:street1>
          <common:city>Newark</common:city>
          <common:stateOrCountry>CA</common:stateOrCountry>
          <common:zipCode>94560</common:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Saud H R H Prince Alwaleed Bin Talal Bin Abdulaziz Al</reportingPersonName>
      <citizenshipOrOrganization>T0</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>19513000</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>19513000</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>19513000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.95</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>The percent of Class A Common Stock beneficially owned by the Reporting Person was calculated based on the 394,070,176 shares of Class A Common Stock outstanding as of July 29, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed with the Securities and Exchange Commission on August 4, 2026. This percent has decreased below 5% due to an increase in outstanding shares of Class A Common Stock since the date referenced in the previous Schedule 13G filed by the Reporting Person.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Lucid Group, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>7373 Gateway Boulevard, Newark, CA 94560</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud ("HRH")</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>HRH's business address is c/o Kingdom Holding Company, Kingdom Centre, Floor 66, P.O. Box 2, Riyadh, 11321, Kingdom of Saudi Arabia.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>HRH is a citizen of the Kingdom of Saudi Arabia.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>19,513,000</amountBeneficiallyOwned>
        <classPercent>4.95%*

The percent of Class A Common Stock beneficially owned by the Reporting Person was calculated based on the 394,070,176 shares of Class A Common Stock outstanding as of July 29, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed with the Securities and Exchange Commission on August 4, 2026. This percent has decreased below 5% due to an increase in outstanding shares of Class A Common Stock since the date referenced in the previous Schedule 13G filed by the Reporting Person.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>19,513,000</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>19,513,000</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>N</notApplicableFlag>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Saud H R H Prince Alwaleed Bin Talal Bin Abdulaziz Al</reportingPersonName>
      <signatureDetails>
        <signature>/s/ HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud</signature>
        <title>HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud</title>
        <date>08/13/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
