Lucid Shares Down 96% In Five Years
Lucid Shares Down 96% In Five Years
Douglas A. McIntyreFri, July 31, 2026 at 1:58 PM UTC
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Lucid Air Pure GIMS 2024 1X7A2255 by Alexander-93 / BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/)Quick Read -
Lucid's stock has collapsed 96% in five years as bankruptcy chatter follows the EV maker despite a $129.5 million stake from Saudi Prince Alwaleed.
LCID posted a $1 billion net loss in Q1 on $282 million in revenue, with just 3,953 vehicles delivered in Q2.
US EV sales fell 20.5% year-over-year in Q2 for a third straight quarter, while Lucid's cheapest model starts at $75,000.
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Lucid (NASDAQ: LCID), the very troubled EV company, has posted a 96% drop in its stock price over the last five years. It is unlikely it will recover much. Its revenue would need to "hockey stick” for investors to have any faith in a recovery.
Lucid shares did run up recently. This is because Saudi Prince Alwaleed bin Talal Al Saud bought a $129.5 million stake in Lucid. He is a famed billionaire investor. However, TheStreet, via Yahoo Finance, recently reported, “Now bankruptcy chatter is following the stock everywhere it goes.”
The first evidence of how deeply troubled Lucid is has to do with sales. In the second quarter, “the company produced 4,774 vehicles and delivered 3,953 vehicles.” The number would need to rise by an extraordinary amount for the company to break even.
Lucid will release second quarter earnings soon. The first quarter’s numbers were shocking. Revenue was $282 million, up from $235 million in the same quarter a year ago.
Lucid’s net loss for the period was just over $1 billion. It lost $367 million in the same quarter last year. It is an understatement to say this number is going in the wrong direction.
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Another hurdle is that Lucid’s cars are very expensive. The least expensive version of the Air is $75,000. The high-end models are priced well above $100,000. The base price of the Gravity is $85,000. Higher-end models can cost as much as $107,000.
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Additionally, Lucid is a US company, selling models in the US. While China is the world’s largest EV market and EV sales are up in the EU, the US is in trouble. Here, according to Kelley Blue Book estimates, 247,226 EVs were sold in the second quarter. That was down sharply year over year for a third consecutive quarter, with a 20.5% decrease from the same period in 2025. There is no evidence that it will get better anytime soon.
It is very hard to see why anyone would buy the stock, other than day traders.
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Contact editorial@247wallst.com for any questions or corrections.
Source: “AOL Money”
