“Totally wrong”
Insolvency? The car manufacturer denies the information
July 14, 2026 – 21:37Reading time: 1 min.
Lucid (symbolic image): The company’s shares crashed. (Source: USA TODAY Network)
Read aloud
Current time:0:00Total duration:0:00
1x
New in t-online:
Adjust the font size!
Media reports of an impending bankruptcy caused Lucid shares to plummet by more than 50 percent. Now the electric vehicle maker is defending itself against the claims.
American electric vehicle manufacturer Lucid reported to the media about a possible exit from the stock market or insolvency rejected. The claims were “completely false,” the company said Tuesday. Lucid shares were previously publicly traded. Wall Street fell by more than 50 percent. The company said it has sufficient liquidity to fund operations over the next year. No special commission was created to consider the scenarios mentioned in the report.
The blog Eletric-Vehicles.com reported that restructuring consultant AlixPartners is expected to present proposals to Lucid’s board of directors. Scenarios considered included exiting the stock market and filing for creditor protection under US bankruptcy law (Chapter 11). Lucid emphasized that AlixPartners helps the company improve its operations and does not recommend bankruptcy.
Lucid shares fell 57 percent to $2.37 after the blog report. Trading was suspended several times due to strong price fluctuations. Since going public almost five years ago, the shares have lost about 99 percent of their value as the group has yet to make any profit. Lucid is undergoing a comprehensive restructuring under boss Silvio Napoli, who has been in charge since June. The automaker announced that about 18 percent of jobs will be concentrated in USA the management layer must be eliminated and optimized to reduce costs.