Lucid Reiterates Liquidity to 2027 as Cash Burn Jumps and Guidance Pauses
Lucid Motors’ shares rose on reassurance that liquidity will last into 2027 and dismissal of bankruptcy rumors. For the quarter ended March, the company reported $1.439B cash burn versus $590M a year earlier, with gross loss of $311.7M on 3,093 deliveries. It suspended 2026 guidance amid uncertainty over Cosmos mid-size output. Lucid targets a sub-$50,000 price and faces pressure as Rivian ramps its R2.