Lucid Group Inc (NASDAQ:LCID) shares are rebounding on Thursday after the company mounted an aggressive public pushback against a report that sent the stock into a sharp decline during Tuesday's session.

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

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.