Lucid Group Inc., the California-based electric vehicle manufacturer, saw its shares plunge as much as 57% in intraday trading on Tuesday, July 14, 2026, after an online trade publication reported the company was weighing a Chapter 11 bankruptcy filing and other strategic options. The report also claimed Lucid had engaged restructuring firm AlixPartners and might pause production of its Lucid Air sedan. The sharp selloff triggered multiple Nasdaq volatility halts and briefly pressured other EV stocks, including Rivian. Lucid later issued a forceful denial of the bankruptcy rumors, helping to stabilize trading and spark a partial recovery in its share price.

By James Porter | JQJO News