Lucid Group Surges 13.92% on $590M Trading Volume Ranks 172nd in Market Activity

. 5, . The stock ranked 172nd in trading activity among listed equities, signaling renewed investor interest amid a volatile market backdrop.

The rally followed a 1-for-10 reverse stock split implemented on Sept. 2, a move intended to stabilize capital structure but widely interpreted as a sign of financial strain. Lucid’s core business faces headwinds, . . While the Saudi Public Investment Fund remains its largest shareholder, U.S. market performance remains critical for long-term growth. Recent product launches, such as the Gravity SUV, are pivotal to boosting revenue but have yet to show measurable traction.

. The partnership for a highlights strategic partnerships but has not yet translated into improved earnings visibility. Lucid’s adjusted stock price hit record lows post-split, reflecting skepticism about its ability to scale production and achieve profitability. , the company’s path to profitability hinges on sustained demand for its vehicle lineup and disciplined cost management.

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