Down 99%, popular EV stock is ripe bankruptcy candidate
Covered by 2 sources · 2 articles
2 outlets - including Yahoo and Thestreet - are covering this story. Electric vehicles were supposed to be the future of the auto industry. For one Saudi-backed automaker, the future is starting to look a lot like a balance sheet crisis. Lucid Group has burned through billions of dollars in cash, missed deli…
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Down 99%, popular EV stock is ripe bankruptcy candidate
Down 99%, popular EV stock is ripe bankruptcy candidate
Electric vehicles were supposed to be the future of the auto industry. For one Saudi-backed automaker, the future is starting to look a lot like a balance sheet crisis. Lucid Group has burned through billions of dollars in cash, missed deli…