Lucid Shares Sink After Pricing $875M of Convertible Bonds

Lucid Group Inc. shares drop 9.7% Wednesday after the electric vehicle-maker priced $875 million of convertible senior notes.

• If this decline holds, Lucid will close at its lowest level on record
• EV companies generally trade lower on Wednesday: Rivian shares fall 8.4%, Tesla shares are down 2.5%
• NOTE: Nov. 11, Lucid Is Said to Offer Up to 7% Coupon on Convertible Bond
  • Nov. 5, Lucid Posts Worse-Than-Expected Loss Amid EV Production Woes (1)

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Jordan Fitzgerald in New York at jfitzgera137@bloomberg.net

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Esha Dey at edey@bloomberg.net

Beth Williams

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