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Lucid’s bankruptcy rumor is a bad sign for the EV future
Lucid Motors found itself in a tough bind this week, fending off bankruptcy rumors and watching its stock price plunge as a result.
Summary
Lucid Motors found itself in a tough bind this week, fending off bankruptcy rumors and watching its stock price plunge as a result. The company quickly denied the report, calling it "completely false" and pointing to its available free cash flow as evidence that it has enough runway to operate into next year.
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