Search for Lucid Motors Drops As Luxury Electric Vehicle Maker Receives Sec Subpoena on Bing

insider@insider.com (Carla Mozée), Business Insider
Mon, 12/06/2021 - 11:25am

Lucid Motors Lucid Group shares dropped Monday to a one-month low after the company said it received a subpoena from the SEC.  The SEC's investigation appears focused on the tie-up between Lucid and Atieva.  Atieva was founded as a battery technology company in 2007.  Lucid Group sharply dropped Monday after the luxury electric vehicle maker said it's received a request for information from the Securities and Exchange Commission, a move coming a few months after the company went public through a multi-billion SPAC deal. Lucid was down by 7% in afternoon trade after sliding much as 19% to $38.06, the lowest price since November 5.

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BING NEWS:
  • Lucid Air
    As part of our visit, Lucid Motors also invited us behind the scenes at its design studio in California, where we got a look at the progress of its upcoming “Mid-Size” EVs.
    04/17/2024 - 11:40 am | View Link
  • Putting on Airs: Lucid Needs to Sell More Cars, but How?
    But there is plenty of really good competition among all-electric luxury performance sedans ... without offering any details on the vehicle. The midsize model should be relatively inexpensive ...
    04/16/2024 - 1:01 pm | View Link
  • 2024 Air Grand Touring, Lucid's range king, receives updates
    The Lucid Air Grand Touring has the highest EPA range estimate of any electric vehicle on sale today, an incredible 516 miles. For 2024, the electric luxury sedan receives a round of updates ...
    04/16/2024 - 1:01 pm | View Link
  • 2023 Lucid Air
    Its first vehicle, the Air, won MotorTrend's 2022 Car of the Year competition on its debut. This all-electric luxury sedan bears ... high dynamic limits. Range drops to somewhere slightly above ...
    04/9/2024 - 7:29 pm | View Link
  • EV maker Lucid rallies after $1 billion investment by majority stockholder as it burns cash
    Lucid Group Inc.’s stock was up 6% on Monday after the cash-burning electric-vehicle maker said its majority stockholder will buy $1 billion worth of its stock, even as other EV companies ...
    03/25/2024 - 5:10 pm | View Link
  • More

 

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