Question of the Day: Will Lucid Motors Make It?

The automotive world was in a dither last week when rumors surfaced that EV startup, Lucid Motors, hired AlixPartners, a financial consulting firm, to well, consult. Since the arrival of AlixPartners often portends a company’s bankruptcy filing, tongues got to wagging.

Lucid’s leadership quickly offered denials, and it should be noted that AlixPartners does more than help organizations prepare for bankruptcy filings. After a day or two of denials, things appear to have calmed down and Lucid’s stock price has rebounded some. 

However, the automotive world hasn’t been kind to nascent EV makers. The list of defunct companies with exciting products and big bankrolls is long and prestige … well, long. Many of those survived multiple rounds of denials before succumbing to bankruptcy. Today’s question has two parts: Will Lucid survive and will some other new EV maker fall? Tell us what you think? 

[Images: Lucid Motors]

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