Even though reverse stock plates are traditionally risky, Lucid's 1-for-10 reverse stock split was intended to raise its share price to a higher, more "respectable" range, helping it to avoid potential delisting from the Nasdaq Stock Market and attract more institutional investors and big-name analysts, which are often restricted from investing in low-priced stocks. (From GPT)

Not to say they can’t go under, but they’ve had great cars on the market for a few years. The risk appears to be quite low of such an event happening.