Lucid’s bankruptcy rumor is a bad sign for the EV future

Lucid Motors recovered itself successful a pugnacious hindrance this week, fending disconnected bankruptcy rumors and watching its banal terms plunge arsenic a result. The institution rapidly denied the report, calling it "completely false" and pointing to its disposable escaped currency travel arsenic grounds that it has capable runway to run into adjacent year.

But contempt the swift response, the harm was widespread. The panic instantly bled into competing automakers, pulling down shares of Rivian and Polestar arsenic investors speculated astir the semipermanent endurance of EV-only companies successful the look of slowing user request and whiplash argumentation shifts. And it formed a harsh airy connected the precari …

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