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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.
AI Summary
Lucid Motors faced rumors of bankruptcy this week, which caused its stock price to fall sharply. The company denied the claims, labeling them “completely false.” Lucid cited its available free cash flow as proof that it has sufficient runway to continue operations into next year.
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