Lucid Motors VP Addresses Shareholders as Stock Hits New Lows Amid Operational Challenges Lucid Motors Vice President of Communications Nick Twork addressed shareholders on X on Thursday as the company’s stock hit a third new all-time low of the week. Shares traded as low as $6.22 during the session—equivalent to $0.622 on a pre-reverse-split basis—before closing at $6.27, leaving the California-based EV maker with a market capitalization of just $2.07 billion. The stock is down 43.3% over three months and 74.9% over the past year. Twork used the X post to reframe the past ten days as a period of operational wins rather than share-price deterioration. “Over the last 10 days, we raised approximately $1.05 billion across PIF, Uber, and a registered public offering, and expanded our DDTL with PIF to a total commitment of approximately $2.5 billion,” Twork wrote. “We deepened our Uber commitment to a minimum of 35,000 vehicles. And we named a CEO with deep experience leading complex, technology-driven organizations through periods of rapid growth and operational scaling.” Twork closed with an acknowledgment of the disconnect between recent capital raises and the share price response. “The share price will reflect that when we’ve earned it,” Twork wrote. “We know that. Now we go do the work.” Lucid Motors went public in July 2021 through a $24 billion reverse merger with Churchill Capital Corp IV, the special-purpose acquisition company led by former Citigroup Vice Chairman Michael Klein. The transaction was the largest SPAC deal ever involving an EV startup, anchored by a $2.5 billion private investment in public equity round. PIPE investors paid $15 a share—equivalent to $150 per share on a post-reverse-split basis. Thursday’s $6.27 close represents a 95.8% decline from that entry price.#lucid_motors #nick_twork #churchill_capital_corp_iv #michael_klein #pif
Lucid Motors Reports Q1 2026 Production Surpasses Estimates Amid Gravity Recall and UK Market Delay Lucid Motors delivered 3,093 vehicles in the first quarter of 2026, falling short of both Cantor Fitzgerald’s estimate of 3,941 and the Visible Alpha consensus of 5,237. The shortfall was attributed to a supplier quality issue with second-row seats from Camaco Automotive, which disrupted deliveries of its Gravity SUV for 29 days. Analyst Andres Sheppard noted the result was slightly below the 3,109 units delivered in the same period the previous year. The production figures, however, showed improvement. Lucid manufactured 5,500 vehicles in Q1 2026, exceeding Cantor’s estimate of 4,689 but falling short of the Visible Alpha consensus of 5,967. This marked a significant jump from the 2,212 units produced in Q1 2025. The gap between production and deliveries—5,500 built versus 3,093 delivered—highlighted the impact of the Gravity recall, which left finished vehicles stored at company facilities. The recall stemmed from a defect in second-row lap belt anchors, which were improperly welded by Camaco. The National Highway Traffic Safety Administration (NHTSA) filing revealed that all 4,476 Gravity SUVs produced through February 14 were recalled. Lucid halted sales on January 28 after discovering the defect during a compliance test. The issue compounded a separate problem with a defective middle seat component, which had already paused the Gravity program for much of late January and February. Lucid reaffirmed its full-year production guidance of 25,000 to 27,000 vehicles for 2026, with plans to nearly quadruple output to 100,000 units by 2028.#national_highway_traffic_safety_administration #visible_alpha #lucid_motors #camaco_automotive #andres_sheppard
