{"success":true,"data":{"pressRelease":{"id":"52779","rtpr_id":"nBwbbysg7a","ticker":"LCID","exchange":"NASDAQ","all_tickers":["LCID"],"title":"Securities Fraud Investigation Into Lucid Group, Inc. (LCID) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz","author":"Business Wire","published_at":"2026-06-02T17:04:00.074Z","article_body":"Securities Fraud Investigation Into Lucid Group, Inc. (LCID) Announced –\nShareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=02a539197263d925c74c02383493efe2)\nannounces an investigation of Lucid Group, Inc. (“Lucid” or the\n“Company”) (NASDAQ: LCID\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2Flcid&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=LCID&index=2&md5=6802f09923525b84ebeec6e932ab11bd)\n) on behalf of investors concerning the Company’s possible violations of\nfederal securities laws.\n\nIF YOU ARE AN INVESTOR WHO LOST MONEY ON LUCID GROUP, INC. (LCID), CLICK HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Flucid-group-inc%2F&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=HERE&index=3&md5=df7a4e0281f4816901fd3aee550d0abd)\nTO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.\n\nWhat Is The Investigation About?\n\nOn April 3, 2026, Lucid announced its first quarter 2026 production and\ndelivery totals, revealing that is had “produced 5,500 vehicles” but only\n“delivered 3,093 vehicles.” The Company explained that “deliveries of\nthe Lucid Gravity were disrupted for 29 days due to a supplier quality issue\nwith the second-row seats” and, “[a]s a result of this, the company’s\nability to meet customer demand was impacted.”\n\nThe same day, Reuters published an article regarding Lucid’s delivery\nresults, noting that deliveries had been impacted over a month earlier in\nFebruary 2026 when Lucid paused to reverse an unauthorized supplier change and\ninspect vehicles already produced.\n\nThen, on April 6, 2026, 24/7 Wall St. published an article stating that Lucid\n“cannot sell fewer than 4,000 vehicles and even pretend this is\nsustainable.”\n\nOn this news, Lucid’s stock price fell $1.13, or 11.35%, over two\nconsecutive trading days, to close at $8.83 per share on April 7, 2026,\nthereby injuring investors.\n\nThen, on April 14, 2026, Lucid released preliminary first quarter 2026\nfinancial results, including revenue in the range of $280 million to $284\nmillion, missing consensus estimates of $433.8 million, and losses from\noperations in the range of $985 million to $1.005 billion. The Company also\nrevealed plans for a $1.05 billion capital raise, including a $300 million\npublic stock offering.\n\nOn this news, Lucid’s stock price fell $0.44, or 4.76%, to close at $8.80\nper share on April 14, 2026.\n\nThen, on May 5, 2026, Lucid released its first quarter 2026 financial results,\nreporting GAAP earnings per share of -$3.46, missing consensus estimates by\n$0.83, a net loss of over $1 billion, and revenue of $282.47 million, missing\nconsensus estimates by $76.04 million. The Company explained that the\n“supplier issue . . . during the quarter had an impact,” while also\nacknowledging that it “ended the quarter with elevated inventory[.]”\n\nOn this news, Lucid’s stock price fell $0.50, or 7.47%, over two consecutive\ntrading days, to close at $6.19 per share on May 6, 2026, thereby injuring\ninvestors further.\n\nContact Us To Participate or Learn More:\n\nIf you purchased Lucid securities, have information or would like to learn\nmore about these claims, or have any questions concerning this announcement or\nyour rights or interests with respect to these matters, please contact us:\n\nThe Law Offices of Frank R. Cruz,\n\n2121 Avenue of the Stars, Suite 800,\n\nCentury City, California 90067\n\nCall us at: 310-914-5007\n\nEmail us at: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=bffd61720771c51963cf2745736f7b8f)\n.\n\nFollow us for updates on Twitter at twitter.com/FRC_LAW\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FFRC_LAW&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=twitter.com%2FFRC_LAW&index=5&md5=e8ab9ebab7e9587a6ae5bc9af952057a)\n.\n\nIf you inquire by email, please include your mailing address, telephone\nnumber, and number of shares purchased.\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260602747188/en/\n(https://www.businesswire.com/news/home/20260602747188/en/)\n\nContact Us:\n\nThe Law Offices of Frank R. Cruz, Los Angeles\n\nFrank R. Cruz\n\n310-914-5007\n\nfcruz@frankcruzlaw.com \n(mailto:fcruz@frankcruzlaw.com) \nwww.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=d2995c53971dbb6d702d387395736d45)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwbbysg7a","title":"Securities Fraud Investigation Into Lucid Group, Inc. (LCID) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz","author":"Business Wire","ticker":"LCID","created":"2026-06-02T17:04:00.074Z","tickers":["LCID"],"exchange":"NASDAQ","article_body":"Securities Fraud Investigation Into Lucid Group, Inc. (LCID) Announced –\nShareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=02a539197263d925c74c02383493efe2)\nannounces an investigation of Lucid Group, Inc. (“Lucid” or the\n“Company”) (NASDAQ: LCID\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2Flcid&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=LCID&index=2&md5=6802f09923525b84ebeec6e932ab11bd)\n) on behalf of investors concerning the Company’s possible violations of\nfederal securities laws.\n\nIF YOU ARE AN INVESTOR WHO LOST MONEY ON LUCID GROUP, INC. (LCID), CLICK HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Flucid-group-inc%2F&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=HERE&index=3&md5=df7a4e0281f4816901fd3aee550d0abd)\nTO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.\n\nWhat Is The Investigation About?\n\nOn April 3, 2026, Lucid announced its first quarter 2026 production and\ndelivery totals, revealing that is had “produced 5,500 vehicles” but only\n“delivered 3,093 vehicles.” The Company explained that “deliveries of\nthe Lucid Gravity were disrupted for 29 days due to a supplier quality issue\nwith the second-row seats” and, “[a]s a result of this, the company’s\nability to meet customer demand was impacted.”\n\nThe same day, Reuters published an article regarding Lucid’s delivery\nresults, noting that deliveries had been impacted over a month earlier in\nFebruary 2026 when Lucid paused to reverse an unauthorized supplier change and\ninspect vehicles already produced.\n\nThen, on April 6, 2026, 24/7 Wall St. published an article stating that Lucid\n“cannot sell fewer than 4,000 vehicles and even pretend this is\nsustainable.”\n\nOn this news, Lucid’s stock price fell $1.13, or 11.35%, over two\nconsecutive trading days, to close at $8.83 per share on April 7, 2026,\nthereby injuring investors.\n\nThen, on April 14, 2026, Lucid released preliminary first quarter 2026\nfinancial results, including revenue in the range of $280 million to $284\nmillion, missing consensus estimates of $433.8 million, and losses from\noperations in the range of $985 million to $1.005 billion. The Company also\nrevealed plans for a $1.05 billion capital raise, including a $300 million\npublic stock offering.\n\nOn this news, Lucid’s stock price fell $0.44, or 4.76%, to close at $8.80\nper share on April 14, 2026.\n\nThen, on May 5, 2026, Lucid released its first quarter 2026 financial results,\nreporting GAAP earnings per share of -$3.46, missing consensus estimates by\n$0.83, a net loss of over $1 billion, and revenue of $282.47 million, missing\nconsensus estimates by $76.04 million. The Company explained that the\n“supplier issue . . . during the quarter had an impact,” while also\nacknowledging that it “ended the quarter with elevated inventory[.]”\n\nOn this news, Lucid’s stock price fell $0.50, or 7.47%, over two consecutive\ntrading days, to close at $6.19 per share on May 6, 2026, thereby injuring\ninvestors further.\n\nContact Us To Participate or Learn More:\n\nIf you purchased Lucid securities, have information or would like to learn\nmore about these claims, or have any questions concerning this announcement or\nyour rights or interests with respect to these matters, please contact us:\n\nThe Law Offices of Frank R. Cruz,\n\n2121 Avenue of the Stars, Suite 800,\n\nCentury City, California 90067\n\nCall us at: 310-914-5007\n\nEmail us at: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=bffd61720771c51963cf2745736f7b8f)\n.\n\nFollow us for updates on Twitter at twitter.com/FRC_LAW\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FFRC_LAW&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=twitter.com%2FFRC_LAW&index=5&md5=e8ab9ebab7e9587a6ae5bc9af952057a)\n.\n\nIf you inquire by email, please include your mailing address, telephone\nnumber, and number of shares purchased.\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260602747188/en/\n(https://www.businesswire.com/news/home/20260602747188/en/)\n\nContact Us:\n\nThe Law Offices of Frank R. Cruz, Los Angeles\n\nFrank R. Cruz\n\n310-914-5007\n\nfcruz@frankcruzlaw.com \n(mailto:fcruz@frankcruzlaw.com) \nwww.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54546380&newsitemid=20260602747188&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=d2995c53971dbb6d702d387395736d45)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-06-02T17:04:00.132253626Z","server_sent_at_ms":1780419840132},"received_at":"2026-06-02T17:04:00.198Z","source_url":"https://www.businesswire.com/news/home/20260602747188/en/"},"analysis":{"id":"42211","press_release_id":"52779","analysis_json":{"industry":{"label":"Automobile Manufacturers","sector":"Consumer Discretionary"},"redFlags":[],"eventType":"legal_litigation","narrative":"The Law Offices of Frank R. Cruz announced a securities fraud investigation into Lucid Group, Inc. (LCID).\n\nThe release urges shareholders who lost money to contact the firm to inquire about pursuing claims.\n\nThis is a standard law-firm solicitation; it does not represent a new disclosure from Lucid or a court action.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"IF YOU ARE AN INVESTOR WHO LOST MONEY ON LUCID GROUP, INC. (LCID), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.","namedEntities":{"people":[{"name":"Frank R. Cruz","role":"Attorney"}],"products":[],"companies":[{"name":"Lucid Group, Inc.","ticker":"LCID","relationship":"target of investigation"},{"name":"The Law Offices of Frank R. Cruz","relationship":"plaintiff law firm"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"This is a plaintiff law-firm solicitation issued by The Law Offices of Frank R. Cruz. It contains no new disclosure from the issuer, no certified class, and no settlement. Per guardrails, such releases are scored as low-impact noise."},"tickerRelevance":{"others":[],"primary":"LCID"},"globalImportance":15,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"LCID has retail interest but event is noise"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"The Law Offices of Frank R. Cruz announced a securities fraud investigation into Lucid Group, Inc. (LCID).\n\nThe release urges shareholders who lost money to contact the firm to inquire about pursuing claims.\n\nThis is a standard law-firm solicitation; it does not represent a new disclosure from Lucid or a court action.","key_figures":{},"named_entities":{"people":[{"name":"Frank R. Cruz","role":"Attorney"}],"products":[],"companies":[{"name":"Lucid Group, Inc.","ticker":"LCID","relationship":"target of investigation"},{"name":"The Law Offices of Frank R. Cruz","relationship":"plaintiff law firm"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-02T17:04:38.149Z","global_importance":15,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"LCID has retail interest but event is noise"}},"durationMs":38033,"modelName":"george-droid-qwen-72b"}}