Lucid shares dive after unverified bankruptcy rumor, company says it has runway
Lucid stock plunged over 40% and halted on volatility after a report claimed the EV maker was weighing Chapter 11 or a take-private deal; the company denied the claim, stating AlixPartners is assisting with operational improvements and that it has liquidity to operate into 2027. With about $714 million in cash and $3.2 billion in total liquidity at Q1 2026, plus roughly $4.7 billion pro forma liquidity after a recent $1.05 billion funding round, Lucid still posted a Q1 2026 loss of $1.03 billion and heavy cash burn in 2025, while Rivian also slipped on the rumor. Analysts expect continued losses through 2028.
