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Lucid shares rise after restructuring advisor exit
Shares of "Lucid" rose by nearly 9% after CEO Silvio Napoli announced the termination of their restructuring advisor, Alex Partners. This move provides the company with a clearer path to develop its operations and cut costs. It follows their announcement of a deal with European transportation company Bolt to deploy 25,000 autonomous vehicles in European cities, a plan aimed at achieving $1.4 billion in cost savings by 2026.
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