Lucid Motors’ CEO, Peter Rawlinson, recently clarified that Wall Street may have misunderstood their recent capital raise of $1.75 billion. Some investors may have viewed the fundraise as a sign of financial instability or a lack of confidence in the company’s future. However, Rawlinson emphasizes that the capital raise is in fact a proactive measure aimed at supporting Lucid’s strategic goals.
The company plans to use the funds for various business expansion activities, which could include new manufacturing facilities, research and development activities, or global market expansion. Rawlinson assures that this move is a testament to Lucid’s growth strategy and not a signal of financial distress.
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