Lucid Group CEO Peter Rawlinson said on Monday that Wall Street has misinterpreted the electric vehicle manufacturer’s capital raise of $1.75 billion. He explained that the injection of funds is not because the company is running out of money, as some investors and analysts might have assumed. Instead, he clarified it’s a strategic move to secure longer-term financial stability. This may have been necessary for growth initiatives and to mitigate risks like supply chain disruptions, production scale-up, and other uncertainties.
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
