Summary: Lucid Exec Calls Bankruptcy Report 'Fake News' Lucid Reponds, Denies AlixPartners Has Recommended Bankruptcy Route Lucid Crashes On Report It's Weighing A Take-Private Or BankruptcyLucid PR Head Calls Report "Completely False" Nick Twork, Lucid's chief communications officer, took to X in late-afternoon trading to deny Electric-Vehicles.com's report about a potential bankruptcy, stating that the "company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special board committee to explore the scenarios reported today."Twork stated:The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is on improving execution, strengthening operations, and positioning Lucid to realize the full potential of its technology, products, and innovation. AlixPartners is assisting us in that and nothing else and has not recommended bankruptcy to management or the Board. We$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
Lucid Calls Bankruptcy Report "Completely False" As Shares Stage V-Shaped Recovery
"The company has sufficient liquidity to carry its operations well into next year..."










