Lucid Denies Bankruptcy and Take-Private Reports After Stock Plunge
Lucid has dismissed a report that it is weighing bankruptcy and a take-private deal, after shares plunged in recent trading.
News · 1 min read · Published 27 July 2026
Written by Jake Sullivan, US Cars Editor
Highlights
- Lucid has dismissed a report claiming it is weighing bankruptcy and a take-private deal
- The denial follows a plunge in Lucid shares
- Lucid's Q2 deliveries had already come in below Wall Street expectations
Lucid has dismissed a report that it's weighing bankruptcy and a take-private deal after shares plunged, a direct denial that arrives at a genuinely difficult stretch for the company. Lucid's Q2 2026 deliveries came in below Wall Street's expectations at 3,953 units against a roughly 5,000-unit target, and the company's CFO Taoufiq Boussaid is departing after a handover to successor Alexander De Bock — a combination of weak delivery numbers and executive transition that likely fuelled the speculation Lucid is now pushing back against.
Despite the bankruptcy speculation, Lucid stock has reportedly still risen over the past month, illustrating how disconnected day-to-day EV stock sentiment can be from a company's underlying operational challenges — volatile trading doesn't necessarily track cleanly with fundamentals in this sector right now.
This contrasts with Rivian's stronger Q2 performance, which topped its own delivery guidance in the same period — a reminder that EV manufacturers are having genuinely divergent quarters even within the same broader market conditions.