Wednesday, July 15
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Tech Meta Sued Over Claims That AI Chose Who to Lay OffPersonal Finance Netflix Raises Prices Again, and Critics Want Washington to Look at Streaming CostsCompanies Lucid Denies Bankruptcy Report After Shares Crash by HalfTech AI Startup Reflection Locks In a $1 Billion Compute Deal With NebiusMarkets Oil Jumps on US-Iran Fighting and Strait of Hormuz Blockade ThreatTech New York Becomes First State to Freeze New Data Center ConstructionTech Taiwan's UMC Starts Chip Production in Singapore as Foundries Spread Beyond TaiwanMarkets Chamath Palihapitiya Warns Rising AI 'Token' Bills Will Bite Into Company EarningsTech Meta Sued Over Claims That AI Chose Who to Lay OffPersonal Finance Netflix Raises Prices Again, and Critics Want Washington to Look at Streaming CostsCompanies Lucid Denies Bankruptcy Report After Shares Crash by HalfTech AI Startup Reflection Locks In a $1 Billion Compute Deal With NebiusMarkets Oil Jumps on US-Iran Fighting and Strait of Hormuz Blockade ThreatTech New York Becomes First State to Freeze New Data Center ConstructionTech Taiwan's UMC Starts Chip Production in Singapore as Foundries Spread Beyond TaiwanMarkets Chamath Palihapitiya Warns Rising AI 'Token' Bills Will Bite Into Company Earnings

Topic: lucid

A Lucid Air electric sedan on display
Companies
Tuesday, 7/14, 10:26 PM

Lucid Denies Bankruptcy Report After Shares Crash by Half

  • Shares of electric-vehicle maker Lucid fell as much as 55% on July 14 after a report said the company was weighing bankruptcy, before recovering much of the drop once Lucid called the rumor "completely false." The episode put a spotlight on a money-losing carmaker that leans heavily on its Saudi backer.

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