Lucid Group (LCID.O) shares plunged more than 50% intraday, triggering multiple trading halts after 1:00 p.m. ET; they fell as much as 57% to $2.37 and were about 15% lower near the close. The company denied a blog post saying it was pursuing a privatization transaction or seeking U.S. Chapter 11 protection, calling the report "completely untrue." Lucid said it has sufficient liquidity to fund operations into next year, has not formed a special committee to consider the scenarios in the blog, an

Lucid Group (LCID.O) shares plunged more than 50% intraday, triggering multiple trading halts after 1:00 p.m. ET; they fell as much as 57% to $2.37 and were about 15% lower near the close. The company denied a blog post saying it was pursuing a privatization transaction or seeking U.S. Chapter 11 protection, calling the report "completely untrue." Lucid said it has sufficient liquidity to fund operations into next year, has not formed a special committee to consider the scenarios in the blog, and that restructuring adviser AlixPartners is assisting with execution and operations and has not recommended bankruptcy.