India, July 15 -- Lucid Group Inc. (NASDAQ: LCID) experienced one of its most turbulent days of trading after news emerged that the electric vehicle maker was considering filing for bankruptcy protection under Chapter 11 or going private. This led to panic buying of shares which fell as much as 57% intraday but rebounded somewhat from those levels. Lucid promptly dismissed the news saying that the allegations were "entirely false" and it had adequate cash to keep the business running at least through the next year. Even then, investors are wary about the luxury electric carmaker's struggles with falling sales, losses and restructuring.

Lucid Stock Today Snapshot

Why Did Lucid Stock Crash?

The fall in prices was triggered by the news of...