Lucid reportedly weighs bankruptcy or going private amid stock plunge

Lucid Group Inc. shares crashed as much as 55% on July 14, 2026, after a report claimed the EV maker is exploring drastic measures including bankruptcy protection or going private. The intraday drop triggered multiple trading halts and rippled through the EV sector, with Rivian Automotive Inc. shares sliding as much as 3.4%. Lucid declined to comment on the report, stating it does not address rumors or speculation. The company’s stock plummeted following coverage on the EV trade publication’s website, marking its worst single-day decline on record. The report also mentioned Lucid is working with a restructuring adviser to evaluate its options.