By Al Root

Lucid stock fell sharply in midday trading on Tuesday after an electric-vehicle newsletter suggested the company was considering filing for bankruptcy.

Lucid didn't immediately respond to a request for comment about the report.

Shares were down more than 45%, at $2.98 each after trading at about $5.50 for most of the day. Trading has been halted.

Lucid ended the first quarter with about $700 million and raised another $1 billion in April. The company has about $2 billion in undrawn term loan capacity.

The EV maker isn't profitable yet, and is expected to use about $6.7 billion through the end of 2028. Wall Street projects positive free cash flow in 2029, according to FactSet.

Lucid is majority-owned by entities connected to the Saudi government, which has provided capital to the company over its life.

Write to Al Root at allen.root@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

July 14, 2026 13:34 ET (17:34 GMT)