The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Lucid Group, Inc. (“Lucid” or the “Company”) (NASDAQ: LCID) securities during the period of February 25, 2026 through April 13, 2026, inclusive (“the Class Period”).

If you suffered a loss on your Lucid investments, you have until July 28, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:

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What Is This Lawsuit About? The lawsuit alleges that (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on the Company’s business and financial results; and (3) the defendants had overstated the purported enhancements to Lucid’s manufacturing and delivery capabilities and overall operations.

On April 3, 2026, Lucid issued a press release revealing that it had “produced 5,500 vehicles” during Q1 2026, while only “deliver[ing] 3,093 vehicles.” The press release further disclosed that, “[d]uring the quarter, deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats” and, “[a]s a result of this, the [C]ompany’s ability to meet customer demand was impacted.” The same day, Reuters published an article entitled “Lucid misses first-quarter vehicle delivery estimates on supplier disruptions.” The article provided additional comments from Marc Winterhoff, the Company’s Interim Chief Executive Officer, regarding Lucid’s disappointing Q1 2026 delivery results, most notably that deliveries were particularly impacted over a month earlier in February 2026, when Lucid paused to reverse an unauthorized supplier change and inspect vehicles already produced. On this news, the price of Lucid shares declined by $0.63 per share, or approximately 6%, from $9.96 per share on April 2, 2026 to close at $9.33 on April 6, 2026.

On April 6, 2026, 24/7 Wall St. published an article entitled “Lucid Faces Biggest Disaster Ever”, which described the number of vehicles that Lucid delivered in Q1 2026 as “remarkably small”, stating that Lucid “cannot sell fewer than 4,000 vehicles and even pretend this is sustainable.” On this news, the price of Lucid shares declined by $0.50 per share, or approximately 5%, from $9.33 per share on April 6, 2026 to close at $8.83 on April 7, 2026.

On April 14, 2026, Lucid filed a current report on Form 8-K with the SEC, reporting, inter alia, its preliminary Q1 2026 financial results, including revenue in the range of $280 million to $284 million—well below the consensus estimate of $433.8 million—and losses from operations in the range of $985 million to $1.005 billion. The same day, Lucid issued a press release revealing its plans for a $1.05 billion capital raise, including a $300 million public stock offering. On this news, the price of Lucid shares declined by $0.44 per share, or approximately 5%, from $9.24 per share on April 13, 2026 to close at $8.80 on April 14, 2026.

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The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.

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What Should I Do? If you purchased or otherwise acquired Lucid securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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