Shares of Lucid Group plummeted Tuesday after a report that the Saudi-backed electric vehicle maker is weighing a bankruptcy filing, which the company denied.

The beleaguered electric vehicle manufacturer’s stock crashed on Tuesday after a report indicated it could be considering bankruptcy or going private.

Lucid Group stock dropped 40% after retaining restructuring firm AlixPartners, with prediction markets pricing in a 48-50% chance of bankruptcy before 2027.

The report said Lucid was considering options that could include going private or filing for bankruptcy protection.

The company said the "rumors are completely false" after its stock sank more than 50% on a report that it was weighing the option.

Lucid stock plunged 55% after reports the EV maker is considering bankruptcy or going private, raising investor concerns over its financial future.

Lucid (LCID) stock was halted and crashed over 40% after a report said it weighed Chapter 11. Lucid denies it, citing liquidity into next year.

Lucid Group Inc (NASDAQ:LCID) shares are cratering Tuesday after a report claimed the electric vehicle maker is weighing options that include going private or filing for…

"The company has sufficient liquidity to carry its operations well into next year..."

Shares slashed losses as the EV maker denied reports, but are in a multiyear slump.

Shares of Lucid Group plummeted Tuesday after a report that the Saudi-backed electric vehicle maker is weighing a bankruptcy filing, which the company denied.

A report that Lucid was considering bankruptcy triggered a massive selloff and an official denial from the automaker.

Lucid’s shares plunged by as much as 57% after a media report that the company was evaluating options including a potential privatisation or Chapter 11

Cryptocurrency bettors sharply increased the odds that Lucid Group Inc. might file for bankruptcy this year.

Lucid Group, Inc. (NASDAQ:LCID) shares are bouncing back Wednesday after the company pushed back against a report claiming it was considering going private or filing for Chapter…

Rivian and Polestar catching strays.