Lucid (LCID) stock halted, crashes 40% on bankruptcy report it denies
Lucid (LCID) stock was hit with multiple volatility halts and crashed more than 40% on Tuesday after a report claimed the EV maker was weighing Chapter 11 bankruptcy or going private.
Lucid quickly denied the report, calling the speculation “completely…
Battery recycler Ascend Elements files for bankruptcy
Ascend Elements said that it will be filing for Chapter 11 bankruptcy in the wake of a canceled government grant and a challenging market for lithium-ion batteries.
From Roombas to e-bikes, why are hardware startups going bankrupt?
The hardware world had a brutal week, with iRobot, Luminar, and Rad Power Bikes all filing for bankruptcy. Each company faces its own mix of tariff pressures, supply chain issues, and shifting markets, but together they tell a…