Lucid disputes bankruptcy report and demands retraction
Lucid sent a cease-and-desist letter on July 14, 2026 to eletric-vehicles.com over reports it was weighing going private or Chapter 11.
Lucid denied considering bankruptcy or a take-private deal. It disputed claims AlixPartners was engaged to evaluate those options.
Lucid cited a same-day Form 8-K calling the rumors “completely false,” citing liquidity “well into next year” and no special board committee.
Lucid said the report triggered a stock drop from $5.51 to $2.37, down more than 55%, prompting multiple volatility halts.
Lucid said litigation is imminent. It demanded corrections or retractions and preservation of reporting records, with a response due by 9:00 a.m. ET July 15.
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