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The Lucid Gravity on display at the Detroit Auto Show in January. Photo: Jim West/UCG/Universal Images Group via Getty Images
Shares of Lucid Group plummeted Tuesday after a report that the Saudi-backed electric vehicle maker is weighing a bankruptcy filing as part of a possible restructuring.
Why it matters: Lucid has earned rave reviews for its EVs and recently won a self-driving car deal with investor Uber — but the company has never recorded a quarterly profit.
