Lucid Group Faces EV Slowdown, Stock Drop
Update: 2025-12-10
Description
Lucid Group faces slowing EV demand, prepares for Gravity SUV launch amidst market challenges. Despite interim CEO Marc Winterhoffs optimism, the companys stock has plummeted due to Morgan Stanleys EV winter forecast. Lucid aims to produce around 18,000 EVs this year, aligning with the lower end of their forecast range.
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