Lucid Motors CEO addresses investor concerns following stock offering
Related media - Connected media Peter Rawlinson, CEO of Lucid Motors, clarified investor reactions to the company’s recent public offering, which raised approximately $1.75 billion and resulted in the stock’s steepest decline in nearly three years. Speaking to CNBC, Rawlinson emphasized that the decision was a strategic move to ensure the electric vehicle manufacturer has adequate capital for its operations and growth initiatives. The public offering involved nearly 262.5 million shares of common stock and was essential for maintaining liquidity, particularly as Lucid aims to avoid any “going concern” statements about its financial viability. “We had indicated that we would…
