Wednesday, July 15, 2026

Lucid shares plunge on bankruptcy report the company denies

Lucid Motors

Lucid Group shares cratered on July 14, closing down about 16% after briefly falling roughly 50% intraday and triggering three trading halts within an hour, following a Bloomberg report that the EV maker was weighing options including bankruptcy or a going-private deal. Lucid publicly rejected the report, calling the rumors of a Chapter 11 filing 'completely false.' Trading volume spiked to more than 150 million shares - around seven times its three-month average - as the turmoil rippled across EV peers Rivian and NIO.