Lucid’s Desperate Gamble: Reverse Split & the EV Abyss

The luxury Lucid Air sedan and Gravity SUV-vehicles that once promised salvation-are now staging a 1-for-10 reverse stock split. Effective 5 p.m. on Friday, Aug. 29, this move isn’t just a numbers game. It’s a Hail Mary pass from a company that’s already bleeding cash and credibility. Since the split’s announcement on July 17, the stock has plummeted like a lead balloon-down over 30%. Welcome to the circus, folks. The elephants are already trampled.





