Electric-vehicle startup Lucid Group has hired a financial adviser to counsel it on a turnaround, the company said Tuesday. AlixPartners, the financial adviser, will provide advice on “improving execution, strengthening operations and positioning Lucid to realize the full potential of its technology, products and innovation,” a Lucid spokesman said. Shares fell more than 15% on Tuesday following a report that Lucid could seek bankruptcy or go private.
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Consumer stocks were lower late Tuesday afternoon, with the State Street Consumer Staples Select Sec
Gravity SUV production issues have hurt sales. The luxury EV maker slashed losses after denying denied a report that it's mulling bankruptcy.
Lucid stock crashed 50% after a report said the EV maker weighs Chapter 11 or going private. Lucid calls it false.
Lucid said in a statement to Stocktwits that AlixPartners is only assisting the company and “has not recommended bankruptcy to management or the Board.”
Investing.com -- Lucid Group Inc. shares were trading roughly 20% lower on Tuesday, paring earlier losses of as much as 55%, after the EV maker rebuffed earlier reports of a potential bankruptcy filing.
Lucid stock collapsed by half in a single afternoon after reports surfaced that the EV maker hired turnaround specialists to weigh options that range from going private to a potential court filing, and now shareholders are left waiting to find out which path the Saudi-backed automaker actually chooses.
Lucid stock fell sharply in midday trading on Tuesday after an electric-vehicle newsletter suggested the company was considering filing for bankruptcy. Lucid didn’t immediately respond to a request for comment about the report.
(Bloomberg) -- Lucid Group Inc. shares sank Tuesday after a news report said the electric vehicle maker is working with a restructuring advisor and weighing options that include filing for bankruptcy protection or going private.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeUS CPI Falls for the First Time Since 2020, Core Gauge FlatA Cocaine Bust in Spain Leads All the Way to Wall Street‘We Faltered’: IBM Plunges Most Since 1968 on Sales MissTrump Shelves
Barclays analyst Dan Levy believes updates about new R2 demand will be important for Rivian stock when the company reports Q2 earnings at the end of July.
Tesla is sitting 10% below where it started the year, but the options market and a rapidly changing cost structure tell a very different story about what happens after July 22.
🔎 Goldman Sachs (GS), JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C): The banks will report second-quarter earnings today. Analysts expect them to post higher revenue and profit.
Rivian just announced a capital raise that would result in shareholder dilution. The important question for investors: Is this justified?
Lucid Group (LCID) closed the most recent trading day at $5.55, moving 4.8% from the previous trading session.
TSLA adds the long-wheelbase Model Y to the U.S., bringing a true three-row electric SUV with added space and premium features this fall.
Not only will Ford be able to quickly adapt and emphasize hybrids while demand is strong, its hybrids are now much more profitable.
Investors were reminded of Lucid's capital-intensive business today.
Shares of Rivian (NASDAQ:RIVN) are down 14% in Tuesday morning trading, changing hands at $17 and change after the electric-vehicle maker priced a large secondary equity offering after Monday’s close. The move wipes out most of Rivian stock’s 23% one-month advance heading into the announcement. The selling has spread across the sector. Lucid (NASDAQ:LCID) stock ... Rivian Craters 14% on 75M Share Offering, Lucid Falls 9% as EV Rally Reverses
Lucid Group (LCID) is back in focus after a sweeping leadership shake-up and restructuring that installs a new CFO, CTO, Chief Customer Officer and Chief Transformation Officer, while carving out a dedicated Lucid Technologies unit. See our latest analysis for Lucid Group. Lucid Group’s 1 day share price return of 9.5% and 30 day share price return of 30.2% around the leadership overhaul and Q2 production and delivery update contrast with a year to date share price decline of 40.3% and a 1...
One of these two auto stocks could be in deep trouble, the other just isn't cheap enough yet to justify jumping aboard.
Lucid will have to work hard to avoid repeating the past.
Shares of Tesla (NASDAQ:TSLA) are up 6% in midday trading to $416.50, leading a broad electric-vehicle rebound after a rough stretch for the group. Rivian, Nio, and Lucid are all trading higher alongside Tesla stock, and autonomous-vehicle ETFs are joining the move. Tesla stock’s gain caps a volatile few weeks. Tesla shares are still down ... Tesla Rises 6% on Robotaxi and Delivery Momentum, Rivian and Lucid Jump 7%, Nio Gains 5% in EV Sector Rally
RIVN lifts its 2026 delivery outlook after Q2 deliveries beat guidance, as LCID also posts year-over-year gains in production and deliveries.
Lucid shares are down 45% so far in 2026.
Unprofitable companies can burn through cash quickly, leaving investors exposed if they fail to turn things around. Without a clear path to profitability, these businesses risk running out of capital or relying on dilutive fundraising.