Lucid’s Stock Surge After Bankruptcy Rumors | Business and Finance News

Lucid Motors’ stock surged 29% after denying bankruptcy rumors, reaffirming it has enough cash to operate well into 2025 — though investors remain skeptical as the company burns over $1 billion quarterly while selling fewer than 4,000 cars. Despite a denial that a buyout or Chapter 11 was under consideration, shares still dropped 16% earlier in the week, highlighting lingering doubts about its long-term viability without continued support from its major shareholder, the Public Investment Fund. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f256257f5a24bcc8