Lucid Group $1.75B Offering Misinterpreted
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Lucid sharesCNBC
•Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
76% Informative
Lucid Group announced a public offering last week to raise roughly $1.75 billion .
CEO Peter Rawlinson said the raise was a timely, strategic business decision.
He said investors should have expected the move, saying it was "misinterpreted and misreported" Wall Street analysts largely took a negative view of the move due to its timing.
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