Lucid Shares Reach New All Time Low Despite Recent Reverse Stock Split

Lucid Shares Reach New All Time Low Despite Recent Reverse Stock Split

Three and a half years after Tesla Chief Executive Officer Elon Musk warned that two US EV makers would go bankrupt unless they dramatically reduced costs. A few months later, in a separate interview, Musk laughed at two other EV startups: Fisker and Nikola. Fisker, founded by the automotive designer Henrik Fisker, filed for Chapter 11 bankruptcy two years later, in June 2024. Nikola, the fully electric and hydrogen truck maker, followed earlier…