{
Churchill Capital Corp IV

Companies

}
001122334455554433221100
001122334455554433221100

lucid motors raises 1.75 billion amid investor concerns and stock decline

Lucid Motors raised approximately $1.75 billion through a public offering, a move CEO Peter Rawlinson described as strategic to secure capital for growth and avoid a "going concern" disclosure. Despite having over $5 billion in liquidity, analysts viewed the timing as premature, leading to an 18% drop in shares. Rawlinson emphasized the importance of this capital for ongoing investments, including expanding production and launching new models.
CNBC
United States Dollar Lucid Motors Bofa Securities Inc. RBC Capital Markets LLC Morgan Stanley NASDAQ-100 Fund FUND Churchill Capital Corp IV USA SAU Peter Rawlinson Adam Jonas Michael Bloom Tom Narayan Show more
Finance & Economy, News Article
21:02 21.10.2024
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