Lucid Group (LCID) said it will proceed with plans for a 1-for-10 reverse stock split, as the unprofitable EV startup looks to boost its share price.
Lucid Group Inc. is trying to shake off share-price weakness by unveiling a new version of its electric SUV and by pursuing a reverse stock split soon.
Lucid Group Inc. (NASDAQ: LCID) is in trouble.
Lucid (NASDAQ: LCID) confirmed it will enact a 1-for-10 reverse stock split on August 29, 2025, as the struggling EV maker seeks to shore up its share price and maintain Nasdaq compliance.
LCID shares decline 22.7% in a month despite record deliveries and a new Uber robotaxi deal, raising tough questions for investors.
The stock is down 77% in the last five years. The S&P 500 is up 95% during the same period.
OpenAI's latest artificial intelligence model ChatGPT-5 has highlighted two penny stocks it believes investors could buy and hold for the long term, citing strong growth potential.
LCID targets late-2026 production for its midsize EV platform, aiming for lower costs, faster timelines, and a $50K entry price.
LCID ramps up U.S. sourcing deals with graphite, nickel, and manganese suppliers to strengthen its EV supply chain resilience.
Lucid Group, Inc. posted strong delivery growth and revenue expansion in Q2 '25, but missed earnings estimates and continues to suffer from unsustainable negative gross margins. Despite lowering FY 2025 delivery guidance, Lucid still projects up to 95% year-over-year delivery growth, driven by the Gravity SUV. Lucid has a healthy liquidity profile and access to billions in cash to finance the ramp of its production plans.
Despite widening losses and a trimmed 2025 delivery forecast, I maintain my buy rating on Lucid Motors due to its strategic Uber partnership. Lucid's Q2 results showed rising sales but significant cash burn, with negative free cash flow exceeding $1 billion and net losses growing year-over-year. Strong liquidity, backed by $3.6 billion in cash and investments and support from the Saudi Sovereign Wealth Fund, provides a safety net for ongoing expansion.
Lucid Group Inc. (NASDAQ: LCID) stock is down 28% to $2.18, while the S&P 500 is 8% higher.