Sunday, July 19, 2026

Lucid shares rebound ~60% after denying bankruptcy report

Lucid Motors

Lucid Group shares rose about 14% on July 17, extending a three-day rebound to roughly 60% and clawing back a mid-week rout of as much as 57% that was triggered by a report the EV maker was weighing options including bankruptcy or going private. Lucid rejected the report as 'completely false,' with the denial issued in a public statement and filed with the SEC on Form 8-K, and told investors its pro forma total liquidity stands at about $4.7 billion with its Public Investment Fund-backed term-loan backstop still intact. The whipsaw underscored investor nerves about a company still burning more than $1 billion a quarter while delivering fewer than 4,000 vehicles.