{"id":14935,"date":"2026-06-02T22:04:00","date_gmt":"2026-06-02T20:04:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=05dc66e2909f2a80b059654ed8f35349"},"modified":"2026-06-02T22:04:00","modified_gmt":"2026-06-02T20:04:00","slug":"securities-fraud-investigation-into-lucid-group-inc-lcid-announced-shareholders-who-lost-money-urged-to-contact-the-law-offices-of-frank-r-cruz","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=14935","title":{"rendered":"Securities Fraud Investigation Into Lucid Group, Inc. (LCID) Announced \u2013 Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz"},"content":{"rendered":"

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz<\/a> announces an investigation of Lucid Group, Inc. (\u201cLucid\u201d or the \u201cCompany\u201d) (NASDAQ: LCID<\/a>) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.<\/p><\/a><\/a>

\nIF YOU ARE AN INVESTOR WHO LOST MONEY ON LUCID GROUP, INC. (LCID), CLICK <\/b>HERE<\/b><\/a> TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.<\/b><\/p>

\nWhat Is The Investigation About?<\/b><\/p>

\nOn April 3, 2026, Lucid announced its first quarter 2026 production and delivery totals, revealing that is had \u201cproduced 5,500 vehicles\u201d but only \u201cdelivered 3,093 vehicles.\u201d The Company explained that \u201cdeliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats\u201d and, \u201c[a]s a result of this, the company\u2019s ability to meet customer demand was impacted.\u201d<\/p>

\nThe same day, Reuters <\/i>published an article regarding Lucid\u2019s delivery results, noting that deliveries had been impacted over a month earlier in February 2026 when Lucid paused to reverse an unauthorized supplier change and inspect vehicles already produced.<\/p>

\nThen, on April 6, 2026, 24\/7 Wall St. <\/i>published an article stating that Lucid \u201ccannot sell fewer than 4,000 vehicles and even pretend this is sustainable.\u201d<\/p>

\nOn this news, Lucid\u2019s stock price fell $1.13, or 11.35%, over two consecutive trading days, to close at $8.83 per share on April 7, 2026, thereby injuring investors.<\/p>

\nThen, on April 14, 2026, Lucid released preliminary first quarter 2026 financial results, including revenue in the range of $280 million to $284 million, missing consensus estimates of $433.8 million, and losses from operations in the range of $985 million to $1.005 billion. The Company also revealed plans for a $1.05 billion capital raise, including a $300 million public stock offering.<\/p>

\nOn this news, Lucid\u2019s stock price fell $0.44, or 4.76%, to close at $8.80 per share on April 14, 2026.<\/p>

\nThen, on May 5, 2026, Lucid released its first quarter 2026 financial results, reporting 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. The Company explained that the \u201csupplier issue . . . during the quarter had an impact,\u201d while also acknowledging that it \u201cended the quarter with elevated inventory[.]\u201d<\/p>

\nOn this news, Lucid\u2019s stock price fell $0.50, or 7.47%, over two consecutive trading days, to close at $6.19 per share on May 6, 2026, thereby injuring investors further.<\/p>

\nContact Us To Participate or Learn More:<\/b><\/p>

\nIf you purchased Lucid securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:\nThe Law Offices of Frank R. Cruz,\n2121 Avenue of the Stars, Suite 800,\nCentury City, California 90067\nCall us at: 310-914-5007\nEmail us at: info@frankcruzlaw.com<\/a>Visit our website at: www.frankcruzlaw.com<\/a>.\nFollow us for updates on Twitter at twitter.com\/FRC_LAW<\/a>.<\/p>

\nIf you inquire by email, please include your mailing address, telephone number, and number of shares purchased.<\/p>

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p> Contacts<\/b>

\nContact Us:\n<\/b>The Law Offices of Frank R. Cruz, Los Angeles\nFrank R. Cruz\n310-914-5007\nfcruz@frankcruzlaw.com<\/a>www.frankcruzlaw.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Lucid Group, Inc. (\u201cLucid\u201d or the \u201cCompany\u201d) (NASDAQ: LCID) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.
\nIF …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14935","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14935"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14935\/revisions"}],"predecessor-version":[{"id":14936,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14935\/revisions\/14936"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}