Lucid Motors
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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.
Lucid Motors recalls over 4,000 Gravity SUVs over seat belt defect
Lucid Motors is recalling over 4,000 Gravity SUVs due to a defect in the second-row seat belt anchors, which may not function properly in a collision. The company attributes the issue to a seat supplier's unapproved manufacturing process change. Lucid will inspect and repair affected vehicles, and no injuries have been reported related to this defect.