Nick Twork

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 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.