Lucid Stock Surges 900% at Split-Adjusted Open After Reverse Split

NEW YORK, Sept. 2, 2025 - Lucid Group (NASDAQ: LCID) shares rocketed higher today as the long-anticipated 1-for-10 reverse stock split took effect at the opening bell. Every ten pre-split shares, which closed at $1.98 on Aug. 29, were consolidated into one new share, driving LCID’s opening price to $19.80.

Despite the dramatic nominal jump, Lucid’s market capitalization and investor ownership percentages remained unchanged. The corporate action-which reduced outstanding shares from approximately 3.07 billion to 307 million-aims to enhance the stock’s appeal to institutional investors by lifting it well above the penny-stock threshold.

Trading in the newly-adjusted shares quickly saw heightened volatility, reflecting mixed sentiment over Lucid’s underlying fundamentals. Key considerations for investors include:

• Production Guidance: Lucid recently trimmed its 2025 vehicle production forecast to 18,000-20,000 units, after missing earlier targets.
• Financial Position: The company ended Q2 2025 with $3.6 billion in cash and $1.3 billion in accessible credit lines, which management says will fund operations through 2026.
• Partnerships: Lucid solidified a $300 million investment from Uber to build a fleet of luxury robotaxis, highlighting potential growth avenues.

Analysts caution that while the split may attract larger investors and help maintain Nasdaq compliance, it does not address key challenges such as sluggish deliveries, negative gross margins, and intense EV market competition. As trading unfolds, market participants will be closely watching LCID’s ability to translate its strategic partnerships and cash reserves into sustainable growth and profitability.