The Saudi-backed EV maker is reviewing strategic options, including going private or filing for Chapter 11 bankruptcy protection - Eletric-Vehicle blog
The blog says restructuring adviser AlixPartners has urged LCID board to conduct one more round of restructuring in the United States and Europe and narrow focus onto its Gravity SUV
LCID and AlixPartners did not immediately respond to Reuters' requests for comment
Trading of LCID shares were halted multiple times between 1 pm and 2 pm ET
Short interest in the stock is at 16.3% of free float- LSEG data
Up to last close, stock had fallen ~48% so far this year
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