Citi lowered its price target for Lucid Group to $14 from $17 but maintained a Buy rating, citing the company's Q1 2026 revenue miss and suspension of its 2026 outlook. Despite near-term challenges, including a net loss of about $1 billion and negative gross margins, Citi remains optimistic about Lucid's medium-term prospects, especially with the upcoming Saudi-backed production plant expected to start in 2027. The stock has fallen sharply, reflecting execution risks and skepticism, but Citi sees potential for improved unit economics as production scales and capital spending decreases. Investors should watch the Q2 2026 earnings call for updated guidance and strategic direction under new CEO Silvio Napoli.
Shares of U.S.-listed electric vehicle makers Lucid, NIO, and Tesla rose significantly in midday trading, reflecting a coordinated sector-wide buying driven by positive demand expectations and investor sentiment. Lucid surged 9%, NIO gained 7%, and T...
Pomerantz LLP is investigating Lucid Group and some of its executives for possible securities fraud following the company's announcement of first-quarter revenue significantly below expectations ($280-$284M vs. $433.8M consensus). Lucid also disclose...
