Lucid Group, Inc. (NASDAQ: LCID) Investor Alert: Deadline in Lawsuit on July 28, 2026

A deadline is coming up on July 28, 2026 in the lawsuit filed for certain investors of Lucid Group, Inc. (NASDAQ: LCID) over alleged securities laws violations by Lucid Group, Inc.

Investors who purchased shares of Lucid Group, Inc. (NASDAQ: LCID) have certain options and there are strict and short deadlines running. Deadline: July 28, 2026. Lucid Group, Inc. (NASDAQ: LCID) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Newark, CA based Lucid Group, Inc., is a technology company that designs, develops, manufactures, and sells electric vehicles("EVs"), EV powertrains, and battery systems. The Company's products include, inter alia, the "Lucid Air" sedan and "Lucid Gravity" sport utility vehicle.

In late-February 2026, Lucid Group, Inc s represented that, in fiscal year ("FY") 2025, they had implemented sustainable improvements in these areas, including with respect to the production and ramp-up of deliveries of the Lucid Gravity. Lucid Group, Inc likewise asserted that these improvements would lead to profitable growth and performance efficiencies in FY 2026.

Lucid Group, Inc. (NASDAQ: LCID) reported that its annual Total Revenue rose from $807.83 million in 2024 to over $1.35 billion in 2025, and that its Net Loss decreased from over $2.71 billion in 2024 to over $2.69 billion in 2025.

On April 3, 2026, Lucid Group, Inc issued a press release "announcing its Q1 2026 production and delivery totals[.]" Lucid revealed that it had "produced 5,500 vehicles" during Q1 2026, while only "delivering 3,093 vehicles." The press release further disclosed that, "during the quarter, deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats" and, "[a]s a result of this, the company's ability to meet customer demand was impacted."

The same day, Reuters published an article entitled "Lucid misses first-quarter vehicle delivery estimates on supplier disruptions". The article provided additional color and comments from Defendant Marc Winterhoff ("Winterhoff"), the Company's Interim Chief Executive Officer, regarding Lucid's disappointing Q1 2026 delivery results-most notably that deliveries were particularly impacted over a month earlier in February 2026, when Lucid paused to reverse an unauthorized supplier change and inspect vehicles already produced.

The next trading day, April 6, 2026, 24/7 Wall St. published an article entitled "Lucid Faces Biggest Disaster Ever", which described the number of vehicles that Lucid delivered in Q1 2026 as "remarkably small", stating that Lucid "cannot sell fewer than 4,000 vehicles and even pretend this is sustainable."

On April 14, 2026, Lucid Group, Inc filed a current report on Form 8-K with the United States Securities and Exchange Commission, reporting, inter alia, its preliminary Q1 2026 financial results, including revenue in the range of $280 million to $284 million-well below the consensus estimate of $433.8 million-and losses from operations in the range of $985 million to $1.005 billion.
The same day, Lucid issued a press release revealing its plans for a $1.05 billion capital raise, including a $300 million public stock offering.

Then, on May 5, 2026, Lucid Group, Inc issued a press release reporting its Q1 2026 financial results, including GAAP earnings per share of -$3.46, missing consensus estimates by $0.83, a net loss of over $1 billion, and revenue of $282.47 million, missing consensus estimates by $76.04 million. Defendant Winterhoff, as quoted in the press release, acknowledged that the previously disclosed "supplier issue . . . during the quarter had an impact," and the need to "align[] production and delivery with customer demand." Lucid's Chief Financial Officer, Defendant Taoufiq Boussaid, as quoted in the same press release, likewise acknowledged that "[w]e ended the quarter with elevated inventory that we expect to convert to revenue and cash as deliveries normalize[.]"

Shares of Lucid Group, Inc. (NASDAQ: LCID) declined from $11.08 per share on March 10, 2026, to as low as $5.62 per share on April 29, 2026.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Lucid Group, Inc. (NASDAQ: LCID) common shares between February 25, 2026 and April 13, 2026, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 25, 2026 and April 13, 2026, the Defendants made false and/or misleading statements and/or failed to disclose that a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity, that the foregoing was likely to, and did, have a material negative impact on the Company's business and financial results, that accordingly, the Defendants had overstated the purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Lucid Group, Inc. (NASDAQ: LCID) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.