Lucid Fully Denies Bankruptcy Consideration Report, Cites $4.7B Liquidity and $1.4B Cash Burn

Lucid denied reports of considering bankruptcy or going private, but its roughly $4.7 billion in liquidity relies heavily on a PIF-affiliated credit facility and a recent capital raise. Over $1.4 billion in Q1 cash burn and production improvement will be tested at the August 4 earnings report.