On July 16, Lucid Group rose 8.15% in regular trading, trading at approximately $6.54/share, with turnover of $58.78 million. The stock continued its multi-day recovery following the company's categorical denial of bankruptcy and privatization rumors.

The rebound follows a dramatic episode earlier this week when industry media reported that restructuring adviser AlixPartners was evaluating strategic options including taking Lucid private or filing for Chapter 11 bankruptcy protection, triggering an intraday plunge of up to 57% — the largest single-day decline since the company's listing. Lucid swiftly issued a statement calling the rumors \"completely false,\" confirming it has sufficient liquidity to sustain operations well into next year and that AlixPartners is assisting only with operational efficiency improvements, not recommending bankruptcy.

Market participants continue to digest the denial, with short covering providing additional upward momentum. Lucid Group is a vertically integrated EV technology company currently selling the Air sedan and Gravity SUV, with a new CEO driving large-scale restructuring to ensure the successful launch of a mid-size vehicle.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)