Shares of electric vehicle maker Lucid Group Inc ( LCID ) are trading higher Tuesday morning, rebounding amid recent volatility. The company last week announced a 1-for-10 reverse stock split.

What To Know: The reverse split, approved by stockholders on August 18, is scheduled to take effect after the market closes on Friday, August 29. The stock will begin trading on a split-adjusted basis on the following trading day, Tuesday, September 2.

This action will consolidate every ten shares of common stock into one, reducing the number of outstanding shares from approximately 3.07 billion to 307.3 million. Concurrently, the total number of authorized shares will be reduced from 15 billion to 1.5 billion.

This strategic decision comes as Lucid navigates a challenging market. The stock has declined roughly 28% year-to-date, and the company recently missed analyst estimates in its second-quarter earnings report. Furthermore, Lucid adjusted its 2025 production guidance to a range of 18,000 to 20,000 vehicles.

Price Action: According to data from Benzinga Pro, LCID shares are trading higher by 2.88% to $2.14 Tuesday morning. The stock has a 52-week high of $4.40 and a 52-week low of $1.93.

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How To Buy LCID Stock

By now you're likely curious about how to participate in the market for Lucid Group ( LCID ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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