Morgan Stanley has slashed its price target for Lucid Motors to the lowest among Wall Street analysts, reflecting growing skepticism about the electric vehicle maker’s near-term prospects. The downgrade comes amid concerns over production challenges, market competition, and the company’s ability to meet aggressive growth targets. Analysts now question whether Lucid can sustain its high valuation amid rising costs and shifting consumer demand in the EV sector. Investors will be watching closely as the company navigates these headwinds in an increasingly crowded automotive landscape.
Morgan Stanley Cuts Lucid’s Target to Lowest Among Wall Street Peers Electric Vehicles
