A Lucid Look at America’s Failing EV Sector

Lucid Group Inc., a maker of high-end battery electric vehicles, didn’t so much stare into the abyss this week as bungee-jumped it. An article on an obscure EV blog claiming Lucid was considering filing for bankruptcy touched off an intra-day 57% plunge in the stock on Tuesday. While the company has hired a strategic advisor, it denied plans for Chapter 11 and all of that drop, and then some, was erased by Wednesday.