Lucid Motors hired bankruptcy specialist AlixPartners, denied restructuring plans, and watched its stock drop 50% - here is ...
The EV startup has hired restructuring advisors AlixPartners to "improve operations," and apparently nothing else.
Lucid issued a cease-and-desist letter to the author of a story that sent stocks plummeting. The conflict comes after June ...
The beleaguered electric vehicle manufacturer’s stock crashed on Tuesday after a report indicated it could be considering ...
The report said Lucid was considering options that could include going private or filing for bankruptcy protection.
The company said the "rumors are completely false" after its stock sank more than 50% on a report that it was weighing the ...
This week, Lucid Motors found itself having to rebut reports that the nascent EV maker was heading for bankruptcy protection ...
As the EV maker struggles to find anything close to the volume it previously projected for its lauded Gravity SUV, Lucid has ...
Lucid shares plunged after a report said AlixPartners was reviewing Chapter 11 and going-private options. Lucid denied the claims. It closed down 16% at $4.62.
Lucid Motors is deploying aggressive incentives to clear a stubborn backlog of Gravity electric SUVs.In a direct-to-consumer ...
The company announced a new slate of executive hires meant to help turn things around, as Gravity SUV sales are not taking off as expected.
Lucid Motors said Tuesday that it’s no longer sure how many EVs it will build or sell this year, as it navigates a transition to a new CEO and a company-wide cost-cutting push. The company said in ...