Morgan Stanley Downgrades To Equal Weight On Lucid Group, Inc. (LCID)

Morgan Stanley downgraded Lucid Group, Inc. (NASDAQ:LCID) to Underweight from Equal Weight connected December 8. The steadfast besides trimmed its terms people to $10 from $30, according to TheFly.

The simplification occurred arsenic a effect of a alteration successful expert sum and was portion of Morgan Stanley’s 2026 outlook appraisal for the car and shared mobility industries. The steadfast stated it is becoming much cautious successful 2026, claiming that an “EV winter” is projected to past until adjacent year. The steadfast stated that its forecast for interior combustion engines and hybrid vehicles has grown moderately much favorable, according to TheFly.

According to Bloomberg connected December 10, Lucid Group, Inc. (NASDAQ:LCID) executives stated that the institution is witnessing a chiseled slowdown successful the request for electrical vehicles successful some the US and Europe. Interim CEO Marc Winterhoff told Bloomberg Television that the elimination of US national taxation credits pushed immoderate EV request into the 3rd quarter. He stated that Lucid Group, Inc. (NASDAQ:LCID) continues to enactment done its backlog, which gives immoderate protection. However, helium added that determination is simply a slowdown, and determination is nary uncertainty astir it. Winterhoff stated that the archetypal batch of Lucid Group, Inc. (NASDAQ:LCID)’s Gravity athletics inferior vehicles is scheduled to get successful Europe aboriginal this year, with deliveries opening successful the archetypal 4th of 2026.

Lucid Group, Inc. (NASDAQ:LCID) is simply a exertion and automobile firm. It develops the adjacent procreation of electrical conveyance technology.

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