A report stating that Lucid was considering Chapter 11 protection sent its stock into a freefall.
The automaker's stock fell more than 50% within an hour.
Lucid calling them "completely false."
Electric automaker Lucid issued a strong denial on Tuesday after a report that it was considering bankruptcy protection sent its stock into free fall.
The brand's stock fell nearly 56% over the course of an hour this afternoon after a report from an EV blog claimed that Lucid was weighing two major restructuring options: bankruptcy or going private. Lucid's head of communications, Nick Twork, took to X to outright dispel the report, but not before the selloff triggered two volatility trading halts.
