Lucid Group, Inc., a technology company, designs, develops, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. The company provides Lucid Air sedan and Lucid Gravity SUV. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services. The company is headquartered in Newark, California. Lucid Group, Inc. is a subsidiary of Ayar Third Investment Company.
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XPeng Sinks 7% as Q2 Miss Overshadows $6.3B Robotics Valuation
XPeng stock sank 7% after its Q3 revenue guidance missed Wall Street consensus by roughly 15%, dragging NIO down 4% in sympathy. XPeng reported Q2 2026 revenue of RMB19.74 billion, up 8% year over year but below expectations, and guided Q3 revenue to RMB21.7 billion to RMB23.4 billion versus a RMB25.88 billion consensus. The company's IRON humanoid robotics unit raised over $900 million at a post-money valuation above $6.3 billion, the largest single-round private financing in China's embodied AI industry, with Tencent and Alibaba joining as strategic investors. Tesla slipped 2% and Lucid fell 1%, while Rivian rose 0.7% against the trend.
Lucid Group is pushing deeper into the high-performance luxury market with a new 1,080-horsepower version of its Gravity SUV, giving the EV maker another premium product as it tries to turn rising deliveries into a more sustainable business. The Gravity GT-S will debut during Monterey Car Week and starts at $127,750, accelerating from zero to 60 mph in 3.1 seconds while retaining three-row seating. Order books are open, although Lucid has not disclosed when deliveries will begin. Lucid delivered 3,953 vehicles in the second quarter, up 19% year over year, while revenue climbed 56% to $405 million. The company ended Q2 with $3 billion in total liquidity and said recent financing plus cost measures should provide runway well into 2027.
Lucid Group announced it is delaying the launch of its midsize Cosmos SUV until at least the second half of 2027, citing an operational reset. The company said the move will help it achieve $1.4 billion in cash flow improvements, including $600 million to $800 million in inventory savings, about $500 million in capital expenditure savings, and $200 million in operating expense savings. Lucid also disclosed it has cut about 20% of its U.S. staff through two rounds of layoffs. The company exited the second quarter with $3 billion in total liquidity, including about $730 million in cash and cash equivalents, and reported negative free cash flow of $1.48 billion for the quarter.
California's EV rebate exempts Tesla and Lucid from price cap
California's new MyFirstEV instant rebate program exempts automakers headquartered in the state that build only zero-emission vehicles from its $50,000 MSRP cap, effectively allowing Tesla and Lucid to qualify for the $3,500 incentive on vehicles priced well above that limit while competitors must comply. The program, announced by Governor Gavin Newsom on August 7, offers $3,500 off a new zero-emission vehicle and $1,750 off a used one at the point of sale, funded by $135.5 million from California Climate Investments' cap-and-trade revenue matched by participating automakers for a total $271 million pot. CARB's own FAQ states the program was created because the expiration of the $7,500 federal EV tax credit in September 2025 caused new ZEV registrations in California to drop 40.2% year over year in the first quarter of 2026. The price-cap exemption applies to any manufacturer headquartered in California that builds only zero-emission vehicles, which currently includes Tesla and Lucid and will include Rivian once it joins, while Hyundai, Kia, and others must stay under the $50,000 threshold. The rollout is staggered because CARB signs individual grant agreements with each automaker, who must front the discount and build point-of-sale systems, with Tesla, Hyundai, and Lucid going live first and Nissan and Volvo yet to commit to a date.
Lucid Stock Plunges Over 10% After CEO Unveils Operational Reset Plan
Lucid Group shares plunged more than 10% this week after new CEO Silvio Napoli outlined an operational reset that shifts focus away from selling its current luxury electric vehicles. The stock pared some of that drop but was still down 6% for the week as of Friday morning, according to data provided by S&P Global Market Intelligence. Napoli, who has been in the job for two months, is tightening the company's focus to four strategic paths, including a $1.4 billion cash flow improvement plan and advancement of its robotaxi program with Uber Technologies and Nuro, its AMP-2 manufacturing facility in Saudi Arabia, and a smaller, more affordable midsize model. The CEO summarized the plan as going back to basics with a clear focus on cash, customers, and culture, while acknowledging that selling the current Air sedan and Gravity SUV is no longer a priority.
Lucid Targets Robotaxis and $1.4 Billion Cash Overhaul in Operational Reset
Lucid Group announced an operational reset focused on four must-win projects, including a $1.4 billion plan to shore up cash flows and a top-priority push into robotaxis. The company expects to realize $600 million to $800 million in cash flow by liquidating inventory, $500 million by cutting capital expenditures, and $200 million through operating expense reductions. Management stressed that robotaxi efforts are a must-win project, citing independent estimates that 2.5 million robotaxis will be operating globally by 2035 and a total addressable market of $600 billion by 2040. Uber Technologies has also directly backed the company in the hopes that Lucid can supply it with the vehicles necessary to expand its robotaxi fleet. The other focus areas include finalizing a new manufacturing plant in Saudi Arabia and releasing more mid-sized vehicles with affordable price points.
Lucid Q2 Loss Widens to $3.30 Per Share on Inventory Charges, Revenue Beats Estimates
Lucid Group reported a second-quarter 2026 loss of $3.30 per share, wider than the year-ago loss of $2.80 and missing the Zacks Consensus Estimate of a loss of $2.72. Revenues surged 56.2% year over year to $405 million, beating the consensus estimate of $323 million, driven by higher vehicle deliveries, improved product mix, and increased regulatory credit sales. Gross margin remained deeply negative at negative 105%, weighed down by roughly $300 million of inventory impairment charges that reduced margin by 74 percentage points. Adjusted EBITDA loss widened to $901.1 million from $632.1 million a year earlier, and management identified $1.4 billion in cash flow improvements for 2026, including projected inventory savings of $600 to $800 million, capital expenditure reductions of about $500 million, and operating expense savings of roughly $200 million. Lucid ended the quarter with $3 billion of total liquidity and did not provide quantitative financial guidance, though it expects second-half production to remain below second-quarter levels as its Arizona factory operates with one shift.
Lucid Group faces earnings pressure despite revenue growth expectations ahead of August 2026 report
Lucid Group is drawing investor attention ahead of its August 4, 2026 earnings release, which is expected to show lower earnings per share but higher revenue compared with the prior year. The company's expanded robotaxi collaboration with Uber and Nuro, including planned large Gravity fleet purchases, reinforces potential access to recurring fleet demand. However, persistent negative gross margins and ongoing cash burn remain key risks. Consensus forecasts project $7.2 billion in revenue and $167.8 million in earnings by 2029, while the most optimistic analysts see revenue reaching $10.9 billion and earnings of $250.8 million.
Rivian shares fell 8% to $15.53 despite reporting a clear second-quarter 2026 beat and raising full-year delivery guidance, in a sell-the-news move that also dragged Lucid down 6% to $7.63. Rivian posted revenue of $1.66 billion, topping the roughly $1.54 billion consensus, and a gross profit of $179 million that crushed the $71 million estimate, while management lifted the delivery target to between 65,000 and 70,000 units. The decline reflects profit-taking after a 4% after-hours gain Thursday, with overhangs including a roughly $1.3 billion follow-on equity raise in July and near-term R2 ramp costs. Lucid fell in sympathy with no company-specific news, while Tesla outperformed with a less than 1% drop to $307.98. The Global X Autonomous & Electric Vehicles ETF held flat at $33.55, cushioned by its heavy weighting in chip names like NVIDIA and Qualcomm rather than pure-play EV brands.
Lucid shares have fallen 96% over the past five years, and a recovery appears unlikely without a dramatic revenue surge. The stock recently rose after Saudi Prince Alwaleed bin Talal Al Saud bought a $129.5 million stake, but bankruptcy chatter persists. In the second quarter, Lucid produced 4,774 vehicles and delivered 3,953, far below break-even levels. First-quarter revenue was $282 million, while the net loss exceeded $1 billion, worsening from a $367 million loss a year earlier. Lucid's vehicles remain expensive, with the Air starting at $75,000 and the Gravity at $85,000, and the U.S. EV market contracted 20.5% year over year in the second quarter to 247,226 units.
Lucid Group to Report Q2 Earnings on August 4 Amid Mixed Signals
Lucid Group reports second-quarter earnings on August 4, with investors watching for progress toward a sustainable electric vehicle business. In the first quarter of 2026, revenue rose 20% year over year to $282.5 million and vehicle production surged 149% to 5,500 units, though deliveries were disrupted by a supplier issue affecting the Lucid Gravity SUV. The company posted a net loss of roughly $1.03 billion and suspended full-year production guidance as new CEO Silvio Napoli reviews operations. Liquidity was bolstered by an April capital raise of approximately $1.05 billion and an expanded financing agreement with Saudi Arabia's Public Investment Fund, while Saudi billionaire Prince Alwaleed bin Talal disclosed a new 5% stake. Management believes existing capital is sufficient to fund operations into the second half of 2027, but the long-term thesis hinges on scaling production and narrowing losses.
Tesla Salvage Listings Surge Sevenfold Since 2019, Command Triple the Market Median Price
A Better Bid reports that Tesla salvage listings on its platform have surged sevenfold since 2019, with the brand now accounting for 2.34% of all inventory in the first half of 2026. The median winning price for a wrecked Tesla reached $10,700, nearly triple the platform-wide median of $3,850, driven by global demand for battery modules and electric drive units. Front-end collisions dominated the 367 recorded Tesla lots, making up 162 of the total, while competing EV brands like Rivian, Polestar, and Lucid remained virtually absent from the auction blocks. The data, drawn from internal records spanning January 2019 through June 2026, highlights a single-brand salvage ecosystem where high-tech wrecks are treated as valuable assets rather than scrap.
Rivian Reports Earnings July 30, Lucid on Aug. 4 as Both EV Makers Face Pivotal Quarters
It'll be a busy couple of weeks for investors in Rivian and Lucid, as both companies are due to report second-quarter earnings. Rivian recently began deliveries of its R2 fleet while raising its full-year delivery guidance to 65,000-70,000 EVs, and it reported delivering 12,194 vehicles in the second quarter, up from 10,661 a year ago. Lucid replaced most of its executive team this year in an effort to increase accountability and improve execution, and it delivered 3,953 vehicles, a 20% year-over-year increase. Both EV stocks have been badly depressed over the past few years, with Rivian down more than 16% year to date and Lucid down more than 90% in the past five years.
Lucid Stock Soars After Saudi Billionaire Prince Alwaleed Acquires 5% Stake
Lucid Group shares surged about 20% on Tuesday after a regulatory filing revealed that Saudi investor Prince Alwaleed bin Talal acquired a 5% passive stake in the electric-vehicle maker. The filing showed Prince Alwaleed owns 19.51 million Class A shares valued at about $154.2 million based on Lucid's July 28 closing price of $7.90, and the investment was identified as passive, indicating it was not acquired to influence the company's management or operations. Lucid said the investment is separate from the Saudi Public Investment Fund's existing ownership, which through Ayar Third Investment Company held about 56.85% of Lucid's outstanding common stock following an April capital investment. Uber Technologies also remains a shareholder after increasing its investment in Lucid to $500 million earlier this year. Lucid produced 4,774 vehicles and delivered 3,953 during the second quarter, while first-quarter revenue rose 20% year over year to $282.5 million and liquidity stood at about $3.2 billion at the end of March.
Kaplan Fox alerts Lucid Group investors to July 28 lead plaintiff deadline in securities class action
Kaplan Fox & Kilsheimer LLP has filed a securities class action against Lucid Group, Inc. on behalf of investors who purchased or acquired Lucid securities between February 25, 2026 and April 13, 2026, with a lead plaintiff deadline of July 28, 2026. The lawsuit follows disclosures that a supplier quality issue disrupted deliveries of the Lucid Gravity for 29 days, contributing to first-quarter production of 5,500 vehicles but only 3,093 deliveries, and preliminary first-quarter revenue of $280 million to $284 million, well below the $433.8 million consensus estimate. Lucid shares fell 11.35% over two sessions after the April 3 delivery update and a further 4.76% on April 14 following the preliminary financial results. The complaint alleges that defendants made false or misleading statements by overstating enhancements to manufacturing and delivery capabilities and failing to disclose the material negative impact of the supplier issue.
Bronstein, Gewirtz & Grossman Files Class Action Against Lucid Group Alleging Investor Harm
Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Lucid Group, Inc. and certain officers, alleging violations of federal securities laws. The suit covers investors who purchased or acquired Lucid securities between February 25, 2026 and April 13, 2026. The complaint claims defendants failed to disclose that a supplier quality issue significantly disrupted deliveries of the Lucid Gravity, materially harming the company's business and financial results, and that public statements were therefore false and misleading. Investors have until July 28, 2026 to seek lead plaintiff appointment. The law firm represents investors on a contingency fee basis.
Lucid stock plunges on bankruptcy speculation as losses mount
Lucid Group shares fell sharply after a report suggested the electric vehicle maker was exploring options including going private or filing for Chapter 11 bankruptcy protection. The selloff on July 14 saw LCID stock drop more than 40% at one point before closing down 16% at $4.62, with trading halted several times for volatility. Lucid called the rumors completely false and said it has enough cash to fund operations well into next year, while the consulting firm AlixPartners declined to comment. The company posted a first-quarter 2026 net loss of roughly $1.03 billion on revenue of $282.5 million, with a gross margin of negative 110.4%, and held $700.4 million in cash against $5.45 billion in total liabilities. Lucid also announced a sweeping executive overhaul under CEO Silvio Napoli, bringing in a new CFO, CTO, and other leaders, and disclosed an 18% U.S. workforce cut amid softer EV demand following the elimination of the $7,500 federal tax credit.
Rivian sells 75 million shares to fund AI push, echoing Lucid's dilution strategy
Rivian is selling 75 million additional shares at $15.50 apiece to raise roughly $1.2 billion for aggressive AI investments, a move that mirrors the dilutive financing Lucid Group has frequently used. Underwriters have the option to buy another 11.25 million shares, which would increase Rivian's total outstanding shares by around 6%. The company quietly dropped its 2027 profit guidance earlier this year as it ramps up spending on self-driving software, which management sees as critical for future consumer and robotaxi markets. Rivian has already posted a positive gross margin in recent quarters and expects scaling production of its R2 SUV to narrow losses enough to sustain higher AI investment. The share sale is a painful but reasonable step to maximize long-term shareholder value, according to the analysis.
Schall Law Firm Reminds Lucid Group Investors of Securities Fraud Lawsuit Deadline
The Schall Law Firm reminds investors of a class action lawsuit against Lucid Group, Inc. for alleged securities fraud. Investors who purchased Lucid securities between February 25, 2026 and April 13, 2026 have until July 28, 2026 to contact the firm. The complaint alleges the company made false and misleading statements about its manufacturing capabilities and failed to disclose a supplier quality issue that materially impacted deliveries and business results. The class has not yet been certified, and investors may remain absent class members if they take no action.
Nio Is Crushing Lucid and Rivian in Gross Profitability
Chinese electric vehicle maker Nio has surged ahead of U.S. rivals Lucid and Rivian in gross profitability, driven by nearly doubled vehicle deliveries and sharply improved margins. Nio's first-quarter gross profit topped $700 million, a 428.4% increase from the prior year, with gross margin reaching 19% compared to 7.6% a year earlier and vehicle margin climbing to 18.8% from 10.2%. While Rivian has made consistent progress in reducing costs and boosting gross profit through improved unit economics and a software joint venture with Volkswagen, it still lacks the scale and sales volume that Nio enjoys. Lucid, meanwhile, has seen its gross profitability languish. Nio's performance has been bolstered by its sub-brands Onvo and Firefly, which are gaining traction in a challenging domestic market marked by a brutal price war.
US EV Industry Faces Financial Crisis as Valuations and Cash Reserves Plummet
The US electric vehicle industry is experiencing a severe financial downturn, with pure-play startups Lucid and Rivian burning through billions in cash while legacy automakers take massive write-downs. Lucid, once valued at $91 billion, is now worth just $2.87 billion, and its free cash flow was negative $3.8 billion for full-year 2025 against revenue of $1.35 billion. Rivian's cash reserves shrank from $4.81 billion to $2.85 billion, and it reported negative free cash flow of $1.08 billion in Q1 2026. Stellantis posted a $22.33 billion net loss for fiscal 2025, with CEO Antonio Filosa admitting the company overestimated the pace of the energy transition, while Ford recorded $10.7 billion in EV-related impairments and program cancellations in Q4 2025. Tesla remains the segment leader with a roughly $1.2 trillion market cap, but its Q4 2025 deliveries fell 16% year over year to 418,227 vehicles, and prediction markets doubt its near-term robotaxi and Optimus timelines.
Howard G. Smith Law Offices Reminds Investors of Lead Plaintiff Deadlines for Calix, AeroVironment, Zoetis, and Lucid
The Law Offices of Howard G. Smith reminds investors that securities fraud class action lawsuits have been filed against Calix, AeroVironment, Zoetis, and Lucid Group, with lead plaintiff deadlines approaching. For Calix, the class period is January 28, 2026 to April 21, 2026, and the lead plaintiff deadline is July 27, 2026; the complaint alleges the company misled investors about margin pressures from dwindling advanced memory component supplies. AeroVironment faces a class period from June 25, 2025 to March 10, 2026, with a July 27, 2026 deadline, over claims it understated imminent competition for SCAR program and Space Force work. Zoetis has a class period of January 14, 2025 to May 6, 2026, and a July 27, 2026 deadline, with allegations it concealed weakening Librela adoption, market share losses for Simparica Trio, and competitive pressures on Apoquel and Cytopoint. Lucid Group's class period runs from February 25, 2026 to April 13, 2026, with a July 28, 2026 deadline, based on claims it failed to disclose a supplier quality issue that disrupted Lucid Gravity deliveries and materially impacted financial results.
Lucid Recovers From 57% Plunge After Denying Bankruptcy Report
Lucid Group erased a 57% intraday stock plunge that was triggered by an obscure EV blog claiming the company was considering bankruptcy, a report Lucid denied. The shares recovered the entire decline and more by Wednesday, but the episode underscored investor concerns about the company's cash burn, management changes, and job reductions. Lucid delivered fewer than 4,000 vehicles in the second quarter and expects free cash flow to remain negative until at least 2030, suggesting it may need additional external financing, with its future closely tied to Saudi Arabia's Public Investment Fund, which owns more than half of its equity and has provided loans. The company's market value has fallen from more than $91 billion in 2021 to approximately $2.3 billion, while other EV startups like Lordstown Motors and Fisker have already entered bankruptcy, highlighting the challenges for new automakers to achieve production scale. Tesla remains valued above $1 trillion but has been overtaken in sales by China's BYD, and legacy automakers Ford and General Motors have shifted focus toward hybrids and trucks after taking impairments on electrification investments.
Markets Rise on Cooler Inflation and Strong Earnings Start
U.S. stocks advanced on July 15 as cooler inflation data and a strong start to earnings season buoyed investor sentiment. The Nasdaq Composite rose 0.62% to 26,269, the S&P 500 gained 0.38% to 7,572, and the Dow Jones Industrial Average added 0.29% to 52,659. Communication stocks led with a 2.69% gain, while technology and industrials each slipped 0.25%. Gold edged down 0.05% to $4,060.78, and the 10-Year Treasury yield fell 0.03% to 4.55%. Among notable movers, Lucid Group jumped 29% after denying bankruptcy rumors, PayPal surged on reports of a potential Stripe acquisition bid, and BlackRock gained on strong earnings, while Space Exploration Technologies fell for a fourth straight session.
SpaceX falls below IPO price, Apple hits high on China AI clearance
SpaceX shares fell for a fourth straight session, dipping below their $135 initial public offering price for the first time. Apple rose about 4% to a fresh high after its Apple Intelligence cleared a major regulatory hurdle in China, lifting partner shares Alibaba by 5% and Baidu by 2%. Memory stocks pulled back sharply, with Micron, Seagate, and Western Digital each down around 8% and Sandisk tumbling more than 11% on fears of intensifying competition from Chinese chipmaker ChangXin Memory Technologies. Cava gained 5.5% after Morgan Stanley upgraded the fast-casual chain to overweight, calling it one of the strongest fundamental stories in restaurants. Lionsgate jumped more than 6% on a Reuters report that the studio is exploring a sale and has drawn interest from France's Bollore Group and Banijay Group. Progressive fell more than 7% after reporting a 31% drop in June income and a combined ratio rising to 90%, dragging Allstate down 4%, AON down less than 1%, and Travelers down almost 2%. Lucid Group rebounded 19% after denying reports of bankruptcy or take-private talks, saying it has sufficient liquidity into next year. BlackRock jumped more than 7% on better-than-expected adjusted earnings of $13.91 per share versus an LSEG estimate of $12.59. Pentair tumbled more than 17% after preliminary second-quarter adjusted earnings of $1.12 a share missed the $1.48 FactSet consensus. Morgan Stanley edged up after record quarterly revenue and profit, with earnings of $3.46 per share beating the $2.94 estimate. PayPal surged 17% on a Reuters report that Stripe and Advent offered to buy it for $53 billion, or $60.50 per share. Elevance Health fell 10% despite second-quarter revenue above consensus and raised full-year earnings guidance. Bank of New York Mellon rose nearly 3% after an earnings and revenue beat, with double-digit revenue growth now expected in 2026 but higher expenses also forecast.
Lucid Rises 18% After Denying Bankruptcy Reports, Cantor Fitzgerald Confirms $3.2 Billion Liquidity
Lucid Group shares surged 18% after the electric vehicle maker publicly denied reports it was considering bankruptcy or a take-private deal. A company representative called the rumors completely false and stated Lucid has sufficient liquidity to operate well into next year, while Cantor Fitzgerald analyst Andres Sheppard confirmed the automaker held roughly $3.2 billion in total liquidity as of the end of March. The denial came in an 8-K filing and through on-record comments after items from EV-focused outlets alleged Lucid had retained turnaround advisor AlixPartners to weigh restructuring options. Despite the rebound, Lucid remains under financial pressure, having posted a GAAP net loss of $814 million and negative free cash flow of $1.24 billion in the fourth quarter of 2025, with its stock still down 50% year to date. Rivian shares rose 4% after beating second-quarter delivery guidance and raising its full-year target, while Uber edged up 2% as Lucid's $200 million robotaxi investor.
Lucid Stock Rebounds After Morgan Stanley Calls Cash Raise a Wise Decision
Lucid Group shares bounced back, rising 2.7% as of 11:55 a.m. ET, after Morgan Stanley described the company’s $1.75 billion convertible note offering as a wise decision. The stock had plunged 18% yesterday when the offering was announced, but Morgan Stanley argued that raising cash while the stock is popular secures a low 1.25% interest rate and a favorable conversion ratio. The investment bank noted that the cash infusion could swell Lucid’s war chest to as much as $7 billion, funding the capital-intensive launch of an EV business and supporting production targets of 20,000 units next year and up to 400,000 annually by 2030. Despite maintaining a price target of only $16 per share, well below the current price above $37, Morgan Stanley kept an in-line rating on the stock, suggesting investors might want to keep Lucid on their radar.
Lucid Faces Executive Exodus, Surging Cash Burn, and Heavy Shareholder Dilution
Lucid Group is grappling with a wave of high-level departures, a dramatic increase in cash burn, and persistent shareholder dilution that together raise serious doubts about its long-term investment viability. Roughly a dozen executive and VP-level exits over the past two years include former interim CEO Marc Winterhoff, whose COO role was eliminated shortly after a new CEO was appointed, while an 18% workforce reduction aims to save about $158 million annually. Financially, first-quarter 2026 free cash flow loss hit $1.44 billion—more than double the prior-year rate—and a GAAP net loss of $1 billion was driven by lower margins and unused factory capacity, leaving pro forma liquidity at roughly $4.7 billion after a $1.05 billion April capital raise and credit-line expansion. The company has repeatedly issued massive amounts of new shares, with outstanding shares surging far more than rival Rivian Automotive, and recently executed a 1-for-10 reverse stock split to maintain its Nasdaq listing. With persistent supplier and production issues, recalls, and an inability to improve unit economics, Lucid is not currently a viable long-term investment.
Lucid dismisses take-private and bankruptcy report as completely false
Lucid Group has dismissed media reports that it was considering a take-private deal or a Chapter 11 bankruptcy filing, calling the claims completely false. In a stock exchange filing, the electric vehicle maker said it has enough liquidity to support operations well into next year and that no special board committee was formed to examine either option. Management consulting firm AlixPartners is working with Lucid on measures to improve execution and strengthen operations, but the restructuring adviser has not recommended bankruptcy. The disclosure follows a wider restructuring under new CEO Silvio Napoli, including plans to cut the US workforce by about 18% and eliminate the chief operating officer role, which is expected to yield annualized cost savings of about $158 million. For the first quarter of 2026, Lucid reported revenue of $282.4 million, up 20% from a year earlier, while vehicle production rose 149%, though its net loss widened to $1.02 billion from $366.2 million in the prior-year period.
GraniteShares to Delist 2x Long LCID ETF After NAV Turns Negative
GraniteShares Advisors LLC announced it will delist the GraniteShares 2x Long LCID Daily ETF from NASDAQ after the fund's net asset value turned negative. Following market movements in Lucid Group Inc., the fund closed out its entire LCID position at a loss, causing its NAV to become negative. The delisting process will be initiated as a result.
Lucid shares hit record low on bankruptcy fears, company denies report
Lucid shares hit a record low after reports circulated that the company is considering bankruptcy or a take-private deal. Sources say restructuring advisor AlixPartners has recommended either filing for Chapter 11 bankruptcy protection and focusing on the Gravity SUV or taking the company private to address the roughly $7 billion loss suffered by backer Saudi Arabia’s Public Investment Fund. Lucid issued a statement confirming it is working with an advisor but calling reports of a possible bankruptcy completely false, adding that the company has sufficient liquidity to carry its operations well into next year. Shares remain more than 40% lower Tuesday, weighing on shares of Polestar.
Portnoy Law Firm Files Class Action Against Lucid Group Over Supplier Quality Issues
The Portnoy Law Firm has announced a class action lawsuit on behalf of Lucid Group investors who purchased securities between February 25, 2026 and April 13, 2026. The lawsuit alleges that Lucid made false or misleading statements by failing to disclose that a supplier quality issue significantly disrupted deliveries of the Lucid Gravity, which materially impacted the company's business and financial results. Investors have until July 28, 2026 to file a lead plaintiff motion. The firm's founding partner has recovered over $5.5 billion for aggrieved investors.
Lucid Group investors face July 28 deadline to seek lead plaintiff role in securities fraud lawsuit
Glancy Prongay Wolke & Rotter LLP reminds Lucid Group, Inc. investors of a July 28, 2026 deadline to file a lead plaintiff motion in a class action lawsuit. The suit covers those who purchased Lucid securities between February 25, 2026 and April 13, 2026. The complaint alleges the company made misleading statements and failed to disclose that a supplier quality issue significantly disrupted deliveries of the Lucid Gravity, negatively impacting its business and financial results. Lucid's stock fell 11.35% over two days after announcing first-quarter delivery disruptions on April 3, 2026, and dropped further following preliminary and final first-quarter results that missed estimates.
המועד האחרון להגשת תביעה ייצוגית נגד Lucid Group הוא 28 ביולי 2026
משרד רוזן עורכי דין מזכיר לרוכשי ניירות הערך של Lucid Group בין 25 בפברואר 2026 ל-13 באפריל 2026 כי המועד האחרון להגשת תביעה ייצוגית בניירות ערך הוא 28 ביולי 2026. ייתכן שאתם זכאים לפיצוי ללא דמי השתתפות עצמית, או עלויות מכוח הסדר תשלום מותנה. התביעה טוענת כי במהלך תקופת התביעה הייצוגית, הנתבעים מסרו הצהרות כוזבות או מטעות בנוגע לבעיית איכות ספק ששיבשה את אספקת המוצר Lucid Gravity, מה שהשפיע לרעה על התוצאות העסקיות והפיננסיות של החברה. משקיעים המעוניינים להצטרף לתביעה או לשמש כתובע מרכזי יכולים לפנות למשרד רוזן עורכי דין.
Tesla Brings Long-Wheelbase Model Y to US, Starting at $61,990
Tesla has introduced a long-wheelbase version of its Model Y in the United States, with the Model Y L Premium Launch Series now available for order starting at $61,990 for a six-seat configuration. The new variant is 7.6 inches longer than the standard Model Y, with a wheelbase extended by 5.8 inches to 119.7 inches, providing additional interior space especially for the third row. It also features premium additions such as vehicle-to-load bidirectional power, an electronically controlled continuously variable suspension, and a 12-month trial of Full Self-Driving (Supervised). Deliveries are expected to begin this fall. The launch comes as competition intensifies in the midsize electric SUV segment, with Rivian recently beginning deliveries of its R2 midsize SUV and Lucid preparing to introduce new models on its midsize platform later this year.
Law Offices of Howard G. Smith Reminds Investors of Lead Plaintiff Deadlines for CALX, AVAV, ZTS, LCID
The Law Offices of Howard G. Smith reminds investors that securities fraud class action lawsuits have been filed against Calix, AeroVironment, Zoetis, and Lucid Group, with lead plaintiff deadlines approaching in late July 2026. The Calix lawsuit alleges the company misled investors about margin benefits from advanced memory component purchases and subsequent negative margin pressure, with a lead plaintiff deadline of July 27, 2026. AeroVironment faces claims it understated competition risks related to the SCAR program and U.S. Space Force modernization efforts, also with a July 27 deadline. Zoetis is accused of concealing weakening veterinarian adoption of Librela, market share losses for Simparica Trio, and competitive pressures on Apoquel and Cytopoint, with the same July 27 deadline. The Lucid Group action, with a July 28 deadline, alleges the company failed to disclose a supplier quality issue that disrupted Lucid Gravity deliveries and negatively impacted financial results.
Pomerantz Law Firm Files Class Action Against Lucid Group Over Securities Claims
Pomerantz LLP has filed a class action lawsuit against Lucid Group, Inc. and certain officers on behalf of investors who purchased Lucid securities between February 25, 2026 and April 13, 2026. The suit, filed in the United States District Court for the Northern District of California, alleges that Lucid made materially false and misleading statements about its manufacturing and delivery capabilities, particularly regarding the Lucid Gravity SUV. The complaint claims that a supplier quality issue significantly disrupted deliveries in February 2026, causing Lucid to report first-quarter 2026 deliveries of only 3,093 vehicles against production of 5,500, and preliminary revenue of $280 million to $284 million, well below the consensus estimate of $433.8 million. Following these disclosures, Lucid's stock price fell over 11% in two trading sessions and continued to decline after the company announced a $1.05 billion capital raise and reported a net loss of over $1 billion for the quarter. Investors have until July 28, 2026 to seek appointment as lead plaintiff.
Bernstein Liebhard Announces Securities Fraud Class Action Against Lucid Group
Bernstein Liebhard LLP announced that a securities fraud class action lawsuit has been filed against Lucid Group, Inc. on behalf of investors who purchased or acquired Lucid securities between February 25, 2026 and April 13, 2026. The lawsuit alleges that defendants made materially false and misleading statements regarding the company's business operations, growth prospects, and financial stability, causing Lucid securities to trade at artificially inflated prices. When the truth was disclosed, investors allegedly suffered significant losses. Investors have until July 28, 2026 to file papers to serve as lead plaintiff. Bernstein Liebhard LLP has recovered over $3.5 billion for its clients since 1993.
Why You Should Avoid These 2 Auto Stocks In The Second Half of 2026
Investors may want to steer clear of O'Reilly Automotive and Lucid Group in the second half of 2026, according to an analysis. O'Reilly Automotive, a well-run auto parts retailer with over 6,600 stores, saw first-quarter 2026 sales rise 8% and earnings climb 16%, but its stock is down about 15% from its all-time high and still trades above historical valuation averages, with a price-to-earnings ratio of 29 versus a five-year average of 26. Lucid Group, an electric vehicle startup, produced only 4,774 vehicles in the first quarter of 2026 compared to Tesla's 451,758, recently suspended its full-year production guidance, brought in a new CEO and leadership team, and continues to lose money on every car it sells, selling only about 80% of the vehicles it built in the quarter. While O'Reilly could become attractive if its drawdown deepens, Lucid faces significant execution risks and is unlikely to turn a gross profit or positive earnings in the near term.
Lucid Group investors alerted to July 28 lead plaintiff deadline in securities fraud lawsuit
Glancy Prongay Wolke & Rotter LLP reminds Lucid Group investors of a July 28, 2026 deadline to file a lead plaintiff motion in a securities fraud class action covering purchases between February 25 and April 13, 2026. The lawsuit alleges Lucid failed to disclose that a supplier quality issue significantly disrupted Lucid Gravity deliveries, negatively impacting financial results and rendering positive statements misleading. On April 3, 2026, Lucid reported first-quarter production of 5,500 vehicles but only 3,093 deliveries, citing a 29-day disruption from a second-row seat supplier issue; Reuters later reported the pause began in February. Subsequent disclosures included preliminary first-quarter revenue of $280 million to $284 million, missing consensus estimates of $433.8 million, and a $1.05 billion capital raise plan, followed by a reported GAAP loss of $3.46 per share and revenue of $282.47 million, missing estimates by $76.04 million.