Lucid stock plunged on a bankruptcy report — then the company called it false

An EV blog reported Lucid was weighing Chapter 11 or going private on the advice of AlixPartners — Lucid called the claims false

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Lucid $LCID Group's stock tumbled by as much as 40% intraday on Tuesday, then clawed back a portion of those losses to end the session down 16%, following the publication of a report by an electric vehicle blog alleging the company was exploring bankruptcy or a move to go private. Lucid called the report false.

The report, from a site called EV, cited two unnamed sources who said consulting firm AlixPartners had recommended Lucid's board consider either Chapter 11 bankruptcy protection or a........

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