Lucid Group shares surged 18% after the electric vehicle maker publicly denied reports it was considering bankruptcy or a take-private deal. A company representative called the rumors completely false and stated Lucid has sufficient liquidity to operate well into next year, while Cantor Fitzgerald analyst Andres Sheppard confirmed the automaker held roughly $3.2 billion in total liquidity as of the end of March. The denial came in an 8-K filing and through on-record comments after items from EV-focused outlets alleged Lucid had retained turnaround advisor AlixPartners to weigh restructuring options. Despite the rebound, Lucid remains under financial pressure, having posted a GAAP net loss of $814 million and negative free cash flow of $1.24 billion in the fourth quarter of 2025, with its stock still down 50% year to date. Rivian shares rose 4% after beating second-quarter delivery guidance and raising its full-year target, while Uber edged up 2% as Lucid's $200 million robotaxi investor.
Lucid Group IncLucid denied bankruptcy rumors and Cantor Fitzgerald confirmed $3.2B liquidity, boosting investor confidence.
Rivian Automotive Inc
NVIDIA Corporation
Uber Technologies Inc