Lucid Weighs Chapter 11 or Going Private as AlixPartners Pushes 1 More Restructuring Round
Updated
Updated · EV · Jul 14
Lucid Weighs Chapter 11 or Going Private as AlixPartners Pushes 1 More Restructuring Round
3 articles · Updated · EV · Jul 14
Summary
AlixPartners is set to brief Lucid’s board before its next meeting on scenarios including a take-private or Chapter 11 filing, though sources said neither path has been chosen.
One more restructuring round in the U.S. and Europe is being urged, with Lucid told to center on the Gravity SUV, improve quality, temporarily hold back the Air sedan and keep the Cosmos launch on schedule.
European expansion is also being paused or slowed because sales agents are struggling to sell cars amid quality problems, extending earlier delays in the UK, Austria and Spain.
The review lands after CEO Silvio Napoli cut about 18% of U.S. staff, suspended 2026 production guidance and reshaped management as Lucid tries to shrink to survive until Cosmos arrives.
Lucid lost about $2.7 billion in 2025 and is still burning roughly $1 billion a quarter; its shares were at $5.51 premarket, down about 76% over the past year.