Lucid denies bankruptcy rumors, citing liquidity to carry operations into next year while undergoing restructuring, layoffs, and a push on a smaller SUV and robotaxi plans with Uber/Nuro.
Lucid expands its robotaxi deal with Uber, increasing Gravity SUV purchases from 20,000 to 35,000 and naming a new CEO from the elevator/mobility-equipment sector.
Lucid attributes Q1 2026 sales decline to a second-row seat supplier quality issue that disrupted Gravity deliveries for ~29 days, triggering a recall of over 4,000 Gravity SUVs, while reaffirming 2026 production guidance of 25,000–27,000 vehicles and signaling resolution of the issue.
Former Lucid Motors chief engineer Eric Bach sues Lucid for wrongful termination, discrimination, and retaliation, alleging a top HR executive called him a “German Nazi,” with the lawsuit filed as Lucid faces leadership churn and cash burn while ramping Gravity toward late 2026.
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