A Faulty Weld Stopped Gravity Deliveries for 29 Days and Lucid Stock Is Down 64% Over the Past Year

2 hours ago 4

David Beren

Tue, April 7, 2026 astatine 12:05 PM CDT 5 min read

Lucid (LCID) shares fell 64% implicit the past twelvemonth to $8.81, trading adjacent 52-week lows aft a 42% driblet successful Q1 2026 deliveries to 3,093 vehicles caused by a 29-day halt from improperly welded seatbelt anchors successful Gravity SUVs, though absorption reaffirmed full-year guidance of 25,000 to 27,000 vehicles. The institution burned $3.8 cardinal successful escaped currency travel during 2025 and mislaid wealth connected each car sold astatine the portion level, with liquidity falling to $4.6 cardinal by Q4 2025.
Saudi Arabia’s Public Investment Fund is propping up Lucid with a $2.0 cardinal word indebtedness installation and $5.5 cardinal successful pro forma liquidity arsenic the institution races to motorboat Saudi accumulation by year-end 2026, but prediction markets present terms a 48% bankruptcy probability for Lucid earlier the extremity of 2026.
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A fashionable Tesla (NASDAQ:TSLA) alternative, Lucid Group (NASDAQ:LCID) shares are trading adjacent their 52-week debased astatine $8.81, down 64% implicit the past twelvemonth and disconnected astir 16% year-to-date. The catalyst bringing Lucid backmost into Reddit's crosshairs is simply a messy Q1 transportation study combined with a merchandise callback that exposed a proviso concatenation vulnerability.

In Q1 2026, Lucid sold 3,093 vehicles, a 42% driblet from the anterior quarter, contempt producing astir 5,500 units. The spread traces backmost to a 29-day halt successful Gravity deliveries caused by improperly welded seatbelt anchors successful second-row seats, resulting from an unauthorized supplier change. The callback covered 4,476 Gravity SUVs produced done mid-February 2026. Management says the contented is resolved and reaffirmed full-year accumulation guidance of 25,000 to 27,000 vehicles.

Discussion measurement astir Lucid spiked implicit the play of April 5 to 6, concentrated successful r/wallstreetbets. The highest came Sunday, April 5, astatine 9 AM ET, with an enactment people of 48, 309 upvotes, and 65 comments. By Tuesday morning, enactment had fallen to scores of 19-21, with less than 10 comments per window.

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The astir caller classified sentiment reading, from March 17, came successful astatine a people of 28 (bearish) from r/stocks, tied to a station titled "Watched Lucid Investor Presentation and Left with Doubt".

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