Lucid faces securities class action over alleged undisclosed 29-day delivery halt

Lucid

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Securities class action targets Lucid investors who bought securities from Feb. 25, 2026 to Apr. 13, 2026.
Suit alleges Lucid concealed a 29-day Gravity SUV delivery halt tied to defective second-row seat components from an unauthorized supplier substitution.
Shares fell $1.13 to $8.83 by Apr. 7 following the Apr. 3 disclosure of 5,500 produced versus 3,093 delivered in Q1 2026.
Apr. 14 8-K reported preliminary Q1 revenue of USD 280 million to USD 284 million versus USD 433.8 million expected; shares fell $0.44 to $8.8.
Filing cites combined losses of $1.57 per share; lead plaintiff deadline set for July 28, 2026.

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