EV maker Lucid’s shares cut in half amid reports of possible bankruptcy

Shares of EV maker Lucid plummeted by half following reports suggesting the company faced possible bankruptcy. These reports coincided with discussions regarding a potential take-private deal. However, Lucid has officially rejected the bankruptcy reports and the take-private proposal after the stock price plunge. The company continues to navigate market volatility as investors react to the circulating claims regarding its financial stability and the future of its corporate structure within the electric vehicle industry.