The speculation came as a result of an "uncooked" alert from deals website Betaville. The website uses the term "uncooked" to refer to market gossip.
The PIF, the sovereign wealth fund that owns more than 65% of Lucid, did not immediately respond to a request for comment. Lucid declined to comment.
(Reporting by Chavi Mehta in Bengaluru; Editing by Maju Samuel)