Lucid, an electric vehicle manufacturer, is reportedly working with restructuring advisors to improve its operations and manage costs, particularly concerning the launch of a new mid-size vehicle. The company confirmed its engagement with AlixPartners, while strongly refuting rumors of potential bankruptcy. Despite these efforts, Lucid's stock experienced a significant intraday drop of 57%, marking its largest decline, though the losses later narrowed. AI
RANK_REASON Company news about operational restructuring and stock volatility, not a core AI release or significant industry event.
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