Lucid 'A'

Lucid Group has appointed Shawn Mirabal as president of North America commercial, Mike Molino as vice president of finance and Angela Zepeda as vice president, global marketing. Mirabal and Zepeda report to chief customer officer Billy Hayes, Molino reports to CFO Alexander De Bock. The new appointments are intended to strengthen operational execution, financial discipline and customer retention as Lucid expands production in Arizona and Saudi Arabia. » More on de.investing.com

Lucid Group will publish its results for the quarter ended June 30, 2026 on August 4, 2026; 7 analysts expect on average a loss of -2.337 USD per share (prior year -2.800 USD). Nine analysts estimate revenue on average at 405.0 million USD, an increase of 56.11% versus the prior year. For the current fiscal year, 7 analysts forecast an average loss per share of -8.820 USD and 11 analysts see revenue at an average of 1.95 billion USD (prior year 1.35 billion USD). » More on finanzen.net

Lucid's shares initially fell by as much as 55% and closed about 40% lower after reports circulated of a possible bankruptcy filing. The company called the rumors "completely false" and said AlixPartners would only assist in improving operational execution and had not recommended insolvency. Lucid says it has sufficient liquidity into the second half of next year and remains reliant on the Public Investment Fund of Saudi Arabia for financing and the launch of its model. » More on de.investing.com