Lucid Rejects Take-Private, Bankruptcy Report After Shares Plunge
Lucid said the rumors were false and that AlixPartners was only helping improve operations as shares fell more than 50%, Reuters reported.
- On Tuesday, July 14, 2026, Lucid Group denied as "completely false" reports claiming it was considering a take-private transaction or Chapter 11 bankruptcy filing, after shares tumbled more than 50% intraday.
- Speculation emerged after reports claimed restructuring firm AlixPartners advised the board to consider strategic options including a take-private deal or Chapter 11 filing, though no decision had been made.
- Lucid stated the firm is only assisting with operational efficiency and "has not recommended bankruptcy" to management or the board, with pro forma liquidity near $4.7 billion supporting operations into late 2027.
- Trading halts occurred multiple times Tuesday due to extreme volatility, with shares recovering to close down 46% after the unsubstantiated report triggered widespread selling among investors.
- The company's next scheduled catalyst is its August 4 earnings report, while Lucid continues development of its Uber robotaxi partnership and an upcoming smaller electric SUV.
26 Articles
26 Articles
Rumors of Bankruptcy Surrounding Lucid: The Next Tesla or the Next Nikola? U.S. premium electric vehicle (EV) manufacturer Lucid closed at $4.615 on the 14th, down 16.24% from the previous day, amidst bankruptcy rumors. The company, once dubbed the "second Tesla," is now becoming the "second Nikola"...
Lucid Motors Denies ‘Completely False’ Bankruptcy Rumors
Topline Electric vehicle manufacturer Lucid Motors denied rumors it was considering filing for Chapter 11 bankruptcy, after a report suggesting it could prompted a more than 55% crash in its stock Tuesday afternoon. Key Facts Shares of LCID were halted multiple times on Tuesday for volatility, with the share price collapsing to a low of $2.37 per share before significantly recovering, eventually trading at $4.68 by 3:30 p.m. EDT—still down arou…
Up to 57 percent of the shares of U.S. automaker Lucid collapsed on Tuesday, the trade was suspended several times. Previously, an industry blog had reported serious problems. Lucid denied.
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