New York, January 22, 2026, 05:03 EST — Premarket
Lucid Group (LCID) shares ticked up 0.35% to $11.51 in premarket trading Thursday, staying close to Wednesday’s close. Rockwell Automation announced it will provide factory software for Lucid’s manufacturing plant in Saudi Arabia.
The stock closed Wednesday up 17.88% at $11.47, after bouncing between $9.93 and $11.65, data showed. On Tuesday, it had dipped to a low of $9.50.
Lucid’s rally remains shaky, making any sign of improved production processes a major catalyst. Investors want clear proof the company can boost output without the typical disruptions.
Rockwell revealed that Lucid plans to implement its FactoryTalk manufacturing execution system (MES) at the King Abdullah Economic City plant, which Rockwell branded as Saudi Arabia’s first vehicle manufacturing facility. The MES software will monitor and manage critical areas like general assembly and paint. Rockwell’s local team will also handle training programs. Ahmad Haydar, Rockwell’s Saudi Arabia country leader, called this a “strategic move.” Faisal Sultan, Lucid’s Middle East president, added the system will “help us scale production.” Rockwell Automation
Rockwell shares climbed roughly 4% in the most recent trading session.
Options trading remained active. TheFly noted 26,270 call contracts exchanged—roughly six times the usual volume—with implied volatility holding above 86%, signaling significant price swings priced in by traders.
Lucid sees the Saudi expansion as a major trial, not an instant solution. Investors are pushing for more predictability in production and a sharper connection between costs and output.
The upside scenario can unravel quickly. Improved software won’t fix weak demand, pricing pressures, or the cash burn from operating several plants. Delays only raise fresh doubts about how long the company can sustain its strategy at this speed.
The broader EV sector has been volatile. Larger players can weather a poor quarter, but smaller manufacturers face swift repercussions, and any bounce-back often loses steam fast.
Lucid’s next major event is its fourth-quarter earnings report on Feb. 24, with management planning a conference call at 5:30 p.m. ET, according to a filing dated Jan. 5. The company also announced a shareholder Q&A session opening on Feb. 10, ahead of the earnings call.
