Overview

• Split-adjusted trading will begin Sept. 2, with authorized shares cut to 1.5 billion from 15 billion and issued shares shrinking to about 307.3 million from roughly 3.07 billion.
• Shareholders approved the measure at an Aug. 18 special meeting, with nearly 98.5% of votes cast in favor, according to a regulatory filing.
• Interim CEO Marc Winterhoff has rejected suggestions the action targets Nasdaq minimum bid compliance, and the CFO has characterized it as a deliberate step to broaden institutional access.
• Lucid reported second-quarter production of 3,863 vehicles and deliveries of 3,309, and it lowered its 2025 production outlook to 18,000–20,000 vehicles.
• The company recently announced an Uber–Nuro robotaxi partnership that includes a $300 million commitment and at least 20,000 Gravity SUVs over six years, with initial operations targeted for late 2026.