Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

Lucid Motors CEO, Peter Rawlinson, states that Wall Street misinterpreted the company's recent $1.75 billion capital raise. He explains that the funds are being used to expedite expansion plans and not because of any financial challenges. The raised capital will allow Lucid to increase its production capacity, its investments in new technologies, and facilitate business expansion. Despite the concerns expressed on Wall Street, Lucid remains confident and argues this move helps future-proof the company's growth strategy.