Reported about 1 month ago
In the latest market update, shares of Lucid Motors (LCID) have risen following clarification from its CEO that a recent $1.75 billion stock sale was misinterpreted by Wall Street as an indication of financial distress, rather than a strategic move to ensure cash flow through 2026. In contrast, Honda (HMC) stock has dropped after the company announced a recall of over 700,000 vehicles in the US due to faulty fuel pumps.
Source: YAHOO