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Why Lucid Group Plunged Today
Motley Fool29d agobearish
Why Lucid Group Plunged Today

The stock plunged on reports of possible bankruptcy, but Lucid officially rejected the rumors later in the day.

EV Maker Lucid Hires Firm to Advise on Turnaround
The Wall Street Journal29d agoneutral
EV Maker Lucid Hires Firm to Advise on Turnaround

Electric-vehicle startup Lucid Group has hired a financial adviser to counsel it on a turnaround, the company said Tuesday. AlixPartners, the financial adviser, will provide advice on “improving execution, strengthening operations and positioning Lucid to realize the full potential of its technology, products and innovation,” a Lucid spokesman said. Shares fell more than 15% on Tuesday following a report that Lucid could seek bankruptcy or go private.

Bloomberg29d agobearish
Lucid Sinks on Report EV Maker’s Considering Possible Bankruptcy

(Bloomberg) -- Lucid Group Inc. shares sank Tuesday after a news report said the electric vehicle maker is working with a restructuring advisor and weighing options that include filing for bankruptcy protection or going private.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeUS CPI Falls for the First Time Since 2020, Core Gauge FlatA Cocaine Bust in Spain Leads All the Way to Wall Street‘We Faltered’: IBM Plunges Most Since 1968 on Sales MissTrump Shelves

Stocks to Watch: JPMorgan, BP, Lufthansa
The Wall Street Journal30d agoneutral
Stocks to Watch: JPMorgan, BP, Lufthansa

🔎 Goldman Sachs (GS), JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C): The banks will report second-quarter earnings today. Analysts expect them to post higher revenue and profit.