Lucid (LCID) denies rumors of bankruptcy after intraday share price crashed 50%
Lucid Group, also known as Lucid Motors, has vehemently denied reports suggesting the electric vehicle company was considering bankruptcy. The company issued a statement calling the claims 'completely false' following a significant intraday stock price crash of approximately 50 percent. Despite the denial, Lucid's stock experienced volatility and trading halts.
- Entities
- Company: Lucid Group
- Company: Lucid Motors
- Company: Tesla
- Person: Donald Trump
- Topic: Bankruptcy
- Topic: Electric Vehicle
- Company: BYD
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