** Shares of electric-vehicle maker Lucid LCID.O down 2.4% premarket to $2.04 after it says 1-for-10 reverse stock split expected to be effective next Fri, Aug 29, after the bell

** Co says every 10 shares will automatically reclassify into 1 share, thereby reducing number of outstanding shares from approx 3.07 bln to about 307.3 mln

** Stock expected to begin trading on split-adjusted basis at market open on Sept 2 under same ticker "LCID", it says

** Last month, co announced proposed reverse split saying it believes it will allow the stock to be "more attractive to a broader range of investors and other market participants"

** On Jul 17, LCID shares soared 36% to close at $3.12 after $300 mln investment by Uber UBER.N unveiled as part of robotaxi deal

** Earlier this month, Lucid lowered its annual production forecast and missed Wall Street estimates for qtrly rev as co navigates an uncertain time for the industry and tariffs

** Through Thurs close, LCID shares had lost 31% YTD

** Of 16 analysts covering LCID, 1 rates "buy", 11 rate "hold" and 4 recommend "sell"; median PT is $2.20, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com ; 1-646-279-6380))