Lucid Shares Plunge 56% Amid Bankruptcy Rumors, Firm Denies Takeover Talk

Lucid shares plunged as much as 56% amid bankruptcy and take‑private speculation, triggering a shockwave among investors.

The 56% Swing: A Break‑Down in the Chart

The stock slid from $22.30 to $9.80 in a single session, marking its biggest one‑day drop ever. Trading volume exploded to 45 million shares, far above the 12‑million‑share daily average.

The Company’s Rebuttal and Peter Rawlinson’s Message

Lucid flatly denied the bankruptcy and go‑private rumors. CEO Peter Rawlinson emphasized that the company holds $1.2 billion in cash reserves and that production is running at full capacity, insisting the core fundamentals remain intact.

Analyst Reactions and Market Impact

■Share price fell 56% to $9.80.

■Daily volume surged 275% above average to 45 million shares.

■Market cap shrank from $13.2 billion to $5.8 billion.

■At least three major brokerages cut their short‑term rating from "hold" to "sell".

Lucid’s business model remains under pressure in a tight financing environment; near‑term liquidity worries can temporarily overshadow its long‑term growth narrative. Investors should prioritize the upcoming cash‑flow statement and any updates on expected production volumes.