Lucid Group Shares Rise After CEO Denies Bankruptcy and Take-Private Rumors

Lucid Group's stock surged on July 16 after its CEO, Silvio Napoli, denied rumors of bankruptcy or a potential take-private deal. The company’s shares closed up 8.57% at $6.46 amid increased trading volume. Despite the positive movement in Lucid, broader market indices like the S&P 500 and Nasdaq Composite declined.

By Howard Smith, The Motley Fool Fri, July 17, 2026 at 12:28 AM GMT+3 2 min read · Yahoo Finance · July 16, 2026, 21:28 UTC

Tickers: $LCID $RIVN $TSLA

Topics: bankruptcy rumors CEO statement EV sector Lucid Group take-private speculation

Read the full article at Yahoo Finance

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