Quartz·1 min read·medium
Lucid stock plunged on a bankruptcy report — then the company called it false
✦AI Summary
Electric vehicle manufacturer Lucid Motors publicly denied rumors that it was considering bankruptcy or privatization. The speculation originated from an EV blog that claimed the company was seeking advice from AlixPartners.
An EV blog reported Lucid was weighing Chapter 11 or going private on the advice of AlixPartners — Lucid called the claims false
businesstechnology
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