Wednesday, July 15
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Topic: saudi-pif

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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