Lucid Group Shares Fall Tuesday

MT Newswires Live

07/15

Lucid Group (LCID) shares fell past 45% on Tuesday after EV reported that restructuring adviser AlixPartners is evaluating strategic options including taking the electric vehicle maker private or filing for Chapter 11 bankruptcy protection.

The news publication, citing two people familiar with the matter, reported that AlixPartners has been asked to present its findings to Lucid's board before its next meeting.

Lucid and AlixPartners did not immediately respond to MT Newswires' request for comment.

Price: 2.99, Change: -2.52, Percent Change: -45.74

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