Touted As The Tesla-Killer, Lucid Scrambles to Stay On The NASDAQ
Beleaguered electric vehicle company Lucid Motors (LCID) has implemented a reverse stock split, consolidating shares to meet NASDAQ’s $1 minimum trading price and prevent delisting. As of Friday, Lucid’s share price was down over 96% from its all-time high of $64.86, reached in February 2021. While this move may protect the company from being removed … Read more