Lucid Motors dismisses bankruptcy rumors after stock plunges over 50%

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Electric vehicle maker Lucid Motors has strongly denied reports that it was considering filing for bankruptcy, calling the rumors 'completely false.' The claims triggered a sharp market reaction, with the company's stock falling more than 50%. Lucid issued the denial in response to a circulating report that it was weighing the bankruptcy option. The company sought to reassure investors and stakeholders by firmly rejecting the speculation.

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