Lucid Group shares fell 7.41% to $4.87 on Wednesday, according to Benzinga Pro data, as proposed 50% tariffs on foreign auto imports raised concerns about supply-chain costs across the automotive sector. Although Lucid manufactures vehicles domestically in Arizona, tariffs on imported battery materials, specialized sub-assemblies and international parts could increase production expenses, pressure margins and delay the company’s path to positive gross profitability. Caution was already elevated after Lucid reported $405.35 million in second-quarter revenue and a net loss exceeding $1 billion. The company hired consulting firm AlixPartners to implement a $1.4 billion cash-saving plan involving capital-expenditure reductions, inventory drawdowns and workforce cuts. Lucid also delayed the launch of its midsize Cosmos crossover from late 2026 until at least 2027. Separately, the automaker expanded its European retail footprint on Aug. 21 by naming Munsterhuis Autobedrijven its primary retail partner in the Netherlands, with sales and service capabilities in Hengelo.