Stock Market Today, July 14: Lucid Group Plunges but Denies Reports About Bankruptcy Filing

Lucid Group (LCID) plummeted 16.15% on July 14, 2026, after Bloomberg reiterated reports the electric vehicle maker was exploring bankruptcy or going-private options. Trading volume surged 665% above its average as the stock sold off sharply.

The company issued a denial, calling the reports "completely false." The statement came as the EV manufacturer operates under new leadership implementing restructuring measures and strategic shifts aimed at stabilizing operations.

The timing puts additional pressure on Lucid ahead of its Q2 earnings release scheduled for August 4. The quarter will offer the first concrete look at results under the new CEO's turnaround strategy and provide management an opportunity to address the bankruptcy speculation directly with investors.

The sharp volume spike signals heightened uncertainty among traders, with the stock moving on headline risk rather than fundamental disclosures. Bloomberg's decision to reiterate the reports despite the company's denial suggests the news organization stands by its sourcing.