NEW YORK CITY, NY / ACCESS Newswire / April 10, 2026 / Pomerantz LLP is investigating claims on behalf of investors of Lucid Group, Inc. ("Lucid" or the "Company") (NASDAQ:LCID). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Lucid and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On April 3, 2026, Lucid "announced production and delivery totals for the quarter ended March 31, 2026", during which it "produced 5,500 vehicles and delivered 3,093 vehicles." The press release also disclosed that "during the quarter, deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats. As a result of this, the company's ability to meet customer demand was impacted." On April 6, 2026, the next trading day, Douglas A. McIntyre published an article on Yahoo Finance, which described the number of vehicles delivered as "remarkably small" and asserting that Lucid "cannot sell fewer than 4,000 vehicles and even pretend this is sustainable."
On this news, Lucid's stock price fell $1.13 per share, or 11.35%, over the following two trading sessions, to close at $8.83 per share on April 7, 2026.
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SOURCE: Pomerantz LLP
View the original press release on ACCESS Newswire
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