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

Lucid Group, Inc. (NASDAQ:LCID) is among the 8 High Growth EV Stocks to Buy Now. 

Morgan Stanley downgraded Lucid Group, Inc. (NASDAQ:LCID) to Underweight from Equal Weight on December 8. The firm also trimmed its price target to $10 from $30, according to TheFly.

The reduction occurred as a result of a change in analyst coverage and was part of Morgan Stanley’s 2026 outlook assessment for the auto and shared mobility industries. The firm stated it is becoming more cautious in 2026, claiming that an “EV winter” is projected to last until next year. The firm stated that its forecast for internal combustion engines and hybrid vehicles has grown moderately more favorable, according to TheFly.

According to Bloomberg on December 10, Lucid Group, Inc. (NASDAQ:LCID) executives stated that the company is witnessing a distinct slowdown in the demand for electric vehicles in both the US and Europe. Interim CEO Marc Winterhoff told Bloomberg Television that the elimination of US federal tax credits pushed some EV demand into the third quarter. He stated that Lucid Group, Inc. (NASDAQ:LCID) continues to work through its backlog, which gives some protection. However, he added that there is a slowdown, and there is no doubt about it. Winterhoff stated that the first batch of Lucid Group, Inc. (NASDAQ:LCID)’s Gravity sport utility vehicles is scheduled to arrive in Europe later this year, with deliveries beginning in the first quarter of 2026.

Lucid Group, Inc. (NASDAQ:LCID) is a technology and automobile firm. It develops the next generation of electric vehicle technology.

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