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Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy
Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy
Shares of struggling EV maker Lucid plunged as much as 49% after auto-industry news website Electric-Vehicles.com reported that the company is working with restructuring adviser AlixPartners to evaluate strategic options, including a potential take-private transaction or a Chapter 11 bankruptcy filing.
Lucid (LCID) considering going private or chapter 11, according to https://t.co/lDDwzdDPdL
LUCID DOWN 45%
— zerohedge (@zerohedge) July 14, 2026
Lucid EV
Here's more from the report:
According to the sources who spoke on condition of anonymity because the review is strictly confidential, AlixPartners is...
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Jun 21, 2026 / Tyler Durden
California Declares State Of Emergency Over Los Angeles Warehouse Fire, Smoke
California Declares State Of Emergency Over Los Angeles Warehouse Fire, Smoke
Authored by Melanie Sun via The Epoch Times,
California Gov. Gavin Newsom declared a state of emergency on Saturday after the Los Angeles mayor asked for state disaster support in the wake of an ongoing warehouse fire that continues to burn more than three days after it started on June 17.
“California is mobilizing to support Los Angeles as firefighters and emergency personnel continue their work to contain this fire and protect surrounding communities,” Newsom said in a statement.
The state has...
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Apr 16, 2026 / Tyler Durden
DOJ Petitions Court To Toss Convictions Of Unpardoned Jan. 6 Defendants
DOJ Petitions Court To Toss Convictions Of Unpardoned Jan. 6 Defendants
Authored by Janice Hisle via The Epoch Times,
The Justice Department is petitioning an appeals court to throw out the convictions of unpardoned defendants who were charged in connection with the U.S. Capitol breach on Jan. 6, 2021.
“The United States has determined ... that dismissal of this criminal case is in the interests of justice,” read a motion filed April 14 in the case of Elmer Stewart Rhodes III, Kelly Meggs, Kenneth Harrelson, and Jessica Watkins.
All four defendants belonged to...
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Jul 5, 2026 / Tyler Durden
China CXMT Testing Production Line for Next-Gen Bonded DRAM, Closing Tech Gap With Korea "Far Faster Than Expected"
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