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Lucid Calls Bankruptcy Report "Completely False" As Shares Stage V-Shaped Recovery
Lucid Calls Bankruptcy Report "Completely False" As Shares Stage V-Shaped Recovery
Summary:
Lucid Exec Calls Bankruptcy Report 'Fake News'
Lucid Reponds, Denies AlixPartners Has Recommended Bankruptcy Route
Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy
Lucid PR Head Calls Report "Completely False"
Nick Twork, Lucid's chief communications officer, took to X in late-afternoon trading to deny Electric-Vehicles.com's report about a potential bankruptcy, stating that the "company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special board committee...
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Jul 12, 2026 / Tyler Durden
Third Round of US Strikes Hits 140 Targets After Hormuz Ship Attack; Iran Retaliates On Kuwait, Jordan Bases
Third Round of US Strikes Hits 140 Targets After Hormuz Ship Attack; Iran Retaliates On Kuwait, Jordan Bases
Update 1210ET.
The escalation cycle intensified overnight and into early Sunday as the US conducted its third round of strikes this week, while Iran enforced its declared closure of the Strait of Hormuz and launched retaliatory attacks across multiple Gulf states.
CENTCOM confirmed strikes began around 7:15 p.m. ET Saturday night, hitting approximately 140 Iranian military targets. These focused on degrading IRGC capabilities to threaten commercial shipping, including radars, missile/drone sites, launch systems, and...
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May 1, 2026 / Tyler Durden
Russia Now Main Supplier Of Oil To Post-Assad Syria, Despite Pivot To West
Russia Now Main Supplier Of Oil To Post-Assad Syria, Despite Pivot To West
Via The Cradle
Russia has become Syria's leading supplier of oil since the collapse of former Syrian president Bashar al-Assad’s government and the rise to power of former Al-Qaeda chief Ahmad al-Sharaa, according to Reuters.
Shipments of Russian oil have risen by 75 percent this year to roughly 60,000 barrels per day (bpd), based on Reuters calculations using official data and vessel tracking from LSEG, MarineTraffic, and Shipnext.
Getty Images
While these volumes account for only a small fraction of Russia’s total global oil...
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Apr 7, 2026 / Tyler Durden
As Los Angeles Hits "Breaking Point" Population Exodus, Houston's GDP Rockets Higher
As Los Angeles Hits "Breaking Point" Population Exodus, Houston's GDP Rockets Higher
California - which spends nearly 40% of taxpayer revenue ($95.5 billion, not including federal funds) on social services that's rife with fraud - and which spends roughly 25% of its $95.5 billion Medi-Cal budget (free healthcare) on illegal immigrants, is in the midst of a massive population exodus due to housing affordability, crime, taxes, wildfires, parental rights, and homelessness.
And while San Francisco and Los Angeles compete for the biggest cesspool in the country, LA county just took the crown when it comes to population...
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