Lucid’s Collapse Is Another Reality Check for the EV Market
July 16, 2026
Lucid is an American company that makes luxury electric vehicles (EVs). The problem is that no one wants EVs. Lucid’s recent stock drop is another warning sign that the EV market still struggles despite years of subsidies, mandates, and political hype. Consumers have made it clear they want vehicles that are affordable, reliable, and fit their daily needs, not products pushed by government policy. Bloomberg reports, “Lucid Group Inc. shares sank Tuesday after a news report said the electric vehicle maker is working with restructuring adviser AlixPartners and weighing options that include filing for bankruptcy protection or going private.” The market…