Lucid Group shares fall on report co weighing restructuring options

Lucid Group shares decreased following reports that the company is currently weighing various restructuring options. This market downturn also affected Rivian, whose shares fell as a result of the news regarding Lucid Group potentially considering bankruptcy options. Both electric vehicle manufacturers saw a decline in stock value as investors reacted to the reports concerning the financial strategies and potential restructuring efforts being evaluated by Lucid Group to stabilize its operational future.