Pomerantz Law Firm Announces the Filing of a Class Action Against Lucid Group, Inc. and Certain Officers – LCID

Pomerantz LLP has filed a class action lawsuit against Lucid Group, Inc. and certain officers for alleged securities fraud. The lawsuit claims that Lucid made false statements about manufacturing and delivery improvements while concealing significant supplier quality issues that disrupted Lucid Gravity deliveries in February 2026. The company missed Q1 2026 delivery estimates, reporting only 3,093 vehicles delivered versus 5,500 produced, and revealed a net loss exceeding $1 billion with revenue of $282.47 million, well below consensus estimates.