Lucid CEO Peter Rawlinson recently clarified that Wall Street may have misunderstood the nature of their recent $1.75 billion capital raise. Rawlinson emphasised that this funding does not imply any financial difficulties at Lucid, but rather it reflects a strategy aimed at driving growth and expansion. It appears Wall Street assumed this capital raise might indicate financial troubles, causing temporary instability in Lucid’s stock. However, Rawlinson stated that this capital raise is more in line with the company’s long-term investment strategy aimed at boosting production capacity and fueling research and development efforts, rather than dealing with any immediate financial issues.
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
