Lucid Dismisses Take Private and Bankruptcy Report as "Completely False" Lucid Group's latest statement is a masterclass in damage control, but it may have done little more than fan the flames of speculation.
The electric vehicle maker has been trying to quell rumors on multiple fronts, including reports that it's considering a take private deal or bankruptcy.
The company's assertions that these reports are "completely false" ring hollow when examined against its own recent restructuring efforts.