Lucid stock plunges after report that EV maker is considering bankruptcy, which company denies

Lucid Motor stock fell more than 40% at one point and trading was halted for volatility multiple times Tuesday amid speculation that the company is considering new options. A site focused on electric vehicles called EV reported Tuesday Lucid was considering going private or filing for Chapter 11 bankruptcy protection. According to the site, the company asked AlixPartners to review those options and deliver its findings to Lucid's board before its next meeting. The report from EV also said AlixPartners had encouraged the board to further restructure in the U.S. and Europe and to focus on the Gravity SUV. AlixPartners said it had no comment on the report. Lucid said in a statement that "the rumors are completely false." "The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today," the company said in a statement." Our focus is on improving execution, strengthening operations, and positioning Lucid to realize the full potential of its techn...