Lucid Stock Rises 12% as CEO Addresses Bankruptcy and Take-Private Rumors
Lucid (NASDAQ:LCID) shares climbed 12% to $6.69 on Thursday, continuing a two-day rebound after CEO Silvio Napoli directly denied bankruptcy and take-private rumors in a LinkedIn post. He stated the company has sufficient liquidity for operations into next year and confirmed no such plans are being considered.
Topics: bankruptcy rumors CEO statement Lucid Motors stock price rebound take-private speculation