Wolverine Asset Management sold 3.5 million shares of Lucid in Q4 2025. The transaction was worth approximately $56 million. Lucid stock is down nearly 60% over the last year and lagging the market significantly. While Wolverine still holds a small position, they list Rivian as a top holding. Lucid is currently banking on their new Gravity SUV to help sales volume but they are still relying heavily on funding from the Saudi PIF to stay afloat.