"Shares of Lucid Group are down roughly 10% in midday trading Thursday, slipping to $6.22 from a prior close of $6.91, putting the struggling EV maker's market capitalization at roughly $2.31 billion."
"Lucid just completed roughly $1.05 billion in fresh funding, including a $300 million public offering and $550 million from PIF affiliate Ayar Third Investment Company, extending liquidity but deepening the dilution overhang."
"Lucid reported a Q4 2025 loss of $3.08 per share, missing EPS estimates by 43%, and burned through $1.24 billion in free cash flow during the quarter alone."
Lucid Group's stock dropped to $6.22, reflecting a market cap of $2.31 billion, close to its 52-week low. Speculation surrounds the Saudi Public Investment Fund potentially taking the company private. The PIF holds 58% of Lucid's shares and has invested $9.5 billion since 2018. Lucid recently raised $1.05 billion, but this increases dilution concerns. The company reported significant losses and negative cash flow, raising doubts about future capital needs before achieving profitability.
Read at 24/7 Wall St.
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