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.
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Lucid denied bankruptcy rumors. Its make-or-break midsize EV is still a race against time.
Lucid is in the middle of a turnaround effort. It's not considering bankruptcy, the company said.Lucid MotorsLucid filed paperwork forcefully denying rumors of its bankruptcy.The company still finds itself in the EV "valley of death" — but says it has enough cash.Lucid is about to start production of its all-important, mass-market SUV.Lucid Motors wants everyone to know it's not going bankrupt.On Tuesday, the luxury EV maker filed paperwork with…
Lucid’s bankruptcy rumor is a bad sign for the EV future
Lucid Motors found itself in a tough bind this week, fending off bankruptcy rumors and watching its stock price plunge as a result. The company quickly denied the report, calling it "completely false" and pointing to its available free cash flow as evidence that it has enough runway to operate into next year. But despite the swift response, the damage was widespread. The panic immediately bled into competing automakers, pulling down shares of Ri…
Lucid shares plunged 40% on a bankruptcy rumour from an EV blog. The denial came hours later.
Lucid Motors stock fell more than 40% at one point on Tuesday and was halted for volatility multiple times after an EV-focused publication reported the company was considering going private or filing for Chapter 11 bankruptcy protection. The stock recovered some losses and closed down 16% at $4.62 a share. The report said Lucid asked […] This story continues at The Next Web
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"...
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