$Lucid Group Inc(LCID)$ Rawlinson has been keeping delivery quantity and delivery dates close to the vest. He purportedly has said Covid has been a factor as to production, but no elaboration of the extent of that. All companies run the Covid tests and have employees that miss work due to Covid protocols.
Simply put, with the law suits alleging production and delivery numbers were overstated during the run up to the merger announcement and completion, it is not prudent for Rawlinson to say anything about production . With what was 4.5 billion of raised cash on the merger, the attorneys have been swirling around throwing their best effort into law suits against Lucid to get a piece of that pie. Lucid is just one of many SPACs getting blitzed with law suits. Where this all falls out is yet to be seen. Would be nice if another SPAC could litigate their same issue and get a judgment that would set a precedent that would finalize all similar litigation, whether in favor of Lucid or not.
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