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InsideEVs
InsideEVs
Technology
Rob Stumpf

'Completely False': Lucid Denies Report That It's Weighing Bankruptcy After Shares Crash

Lucid AlixPartners Board
  • A report stating that Lucid was considering Chapter 11 protection sent its stock into a freefall.
  • The automaker's stock fell more than 50% within an hour.
  • Lucid calling them "completely false."

Electric automaker Lucid issued a strong denial on Tuesday after a report that it was considering bankruptcy protection sent its stock into free fall.

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