EVsThe Next Webabout 2 hours ago
Lucid Denies Bankruptcy Rumors After Stock Plunge
1 min read
Lucid stock fell over 40% intraday after a report claimed the EV maker hired AlixPartners to explore bankruptcy or going private. Lucid called the rumors completely false, stating it has sufficient liquidity into next year and that AlixPartners has not recommended bankruptcy. The stock closed down 16% at $4.62.
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