Lucid Motors denies bankruptcy rumors as EV sector stocks take a hit

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Lucid Motors was forced to refute bankruptcy rumors this week after reports triggered a sharp decline in its stock price. The company called the claims 'completely false,' citing available free cash flow as proof it can sustain operations into next year. The fallout extended beyond Lucid, with shares of fellow EV-only automakers Rivian and Polestar also falling as investor concern spread. The episode has renewed scrutiny over the long-term viability of pure-play EV companies amid slowing consumer demand and shifting government policies.

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