Luxury EV Maker Lucid Cuts 12% Of Workforce In Profitability Push
Luxury EV maker Lucid Group (NASDAQ: LCID) is laying off 12% of its global workforce to streamline operations and enhance profitability after a challenging year. This reduction, affecting hundreds of employees but excluding hourly workers at its Arizona facility, aims to improve efficiency and boost gross margins. The move follows production issues, supply-chain pressures, and executive turnover in 2025, as Lucid prepares to launch a more affordable mid-size EV platform and continues ramping up production of its Gravity SUV.
Lucid cuts hundreds of workers in latest blow to EV industry
Lucid Group Inc. is laying off 12% of its global workforce, impacting hundreds of employees, following a challenging 2025 marked by production struggles and a volatile auto market. The luxury EV maker aims to streamline operations, improve gross margin, and achieve long-term growth, though hourly production workers in Arizona will be unaffected. Lucid produced about 18,300 vehicles last year and plans to launch a midsize vehicle soon, alongside its existing Air sedan and Gravity SUV.
Bay Area vehicle maker lays off hundreds
Lucid, an electric car company based in Newark, California, announced another round of layoffs, reducing its workforce by 12%. This round, which could affect around 800 employees out of its 6,800 workers, aims to improve operational effectiveness and optimize resources as the company navigates financial losses and seeks profitability. This marks Lucid's third layoff round in three years, following the expiration of federal tax credits for electric vehicles.
Electric-car maker Lucid lays off hundreds of workers
Electric-car manufacturer Lucid Group Inc. has announced layoffs affecting hundreds of workers. The Newark-based company is cutting positions to improve gross margins, though production staff at its Arizona factory will not be impacted. This move comes amid a series of recent layoffs in the Bay Area.
Where Will Lucid Stock Be in 10 Years?
Lucid Group (NASDAQ: LCID) has seen its stock drop significantly since 2020 due to stagnant growth and high cash burn. Despite these challenges, the company showed early signs of a turnaround with increased revenue and deliveries in Q3 and Q4, and its high-end vehicles were immune to recent U.S. EV tax credit changes. The Saudi Arabian Public Investment Fund, which controls 64% of Lucid's shares, provides a crucial financial lifeline and strategic support, including a $2 billion credit line and a commitment to purchase up to 100,000 vehicles. Lucid's long-term success hinges on expanding into the mass market with more affordable models like the Gravity SUV and Lucid Earth, as well as its partnership with Uber for autonomous taxis.
Lucid Group, Inc. (LCID) Names Neil Marsons as SVP, Supply Chain
Lucid Group, Inc. (LCID) has appointed Neil Marsons as Senior Vice President of Supply Chain to oversee global supply chain expansion and support manufacturing in Arizona and Saudi Arabia. Marsons previously served as Group Chief Procurement Officer at Rolls-Royce and has been advising Lucid for the past six months. This announcement follows a recent reduction in LCID's price target by Baird analyst Ben Kallo due to uneven Q4 deliveries, despite full-year production exceeding expectations.
Lucid Motors to axe 12% of workforce
Lucid Motors has announced plans to cut approximately 12% of its workforce. This decision comes as the luxury electric vehicle manufacturer aims to streamline operations and adapt to market conditions. The reduction in staff will impact various departments across the company.
Lucid Group, Inc. (LCID) Names Neil Marsons as SVP, Supply Chain
Lucid Group, Inc. (NASDAQ:LCID) has appointed Neil Marsons as Senior Vice President of Supply Chain, where he will oversee global supply chain expansion and manufacturing in Arizona and Saudi Arabia. Marsons previously advised Lucid for six months and now reports to Interim CEO Marc Winterhoff. This move follows the departure of Claudia Gast, former SVP of Strategy and Business Development, while an analyst recently lowered Lucid's price target despite the company exceeding full-year production expectations in 2025.
Lucid Group, Inc. (LCID) Names Neil Marsons as SVP, Supply Chain
Lucid Group, Inc. (LCID) has appointed Neil Marsons as Senior Vice President of Supply Chain, where he will oversee global supply chain expansion and manufacturing operations in Arizona and Saudi Arabia. Marsons previously advised Lucid and was Group Chief Procurement Officer at Rolls-Royce. Concurrently, Senior Vice President of Strategy and Business Development Claudia Gast is departing the company.
Benchmark Maintains Buy on Lucid Group, Inc. (LCID) Feb 19, 2026
Benchmark has reiterated its "Buy" rating on Lucid Group, Inc. (LCID) as of February 19, 2026, ahead of the company's Q4 earnings report. This action signals continued confidence in Lucid's recovery path but does not introduce a new price target or financial revision. The market reaction to this reaffirmation was modest, with a slight price increase of 0.72%.
Benchmark reiterates Lucid stock rating ahead of earnings report
Benchmark has reiterated a Buy rating and a $30.00 price target for Lucid Group Inc. (NASDAQ:LCID) ahead of its Q4 earnings report. The company showed a 55% increase in deliveries year-over-year in 2025, surpassing Benchmark's expectations, but faces challenges with weak gross profit margins and high cash burn. Profitability is anticipated to be a 2026-2027 story, driven by new product launches and cost-down initiatives.
Benchmark Reiterates Buy Rating on Lucid Group Inc. (LCID) Ahead of Q4 Earnings Next Week
Benchmark analyst Mickey Legg has reiterated a Buy rating and a $30.00 price target for Lucid Group Inc. (LCID). This comes ahead of the company's Q4 earnings announcement, indicating a positive outlook from the firm. The full details of the analysis are exclusive to premium subscribers.
Lucid Group, Inc. $LCID Holdings Decreased by Wealthfront Advisers LLC
Wealthfront Advisers LLC significantly reduced its stake in Lucid Group (NASDAQ:LCID) by 89.8% in the third quarter, selling 238,745 shares and retaining 26,994 shares valued at $642,000. Other institutional investors showed mixed activity, with some increasing and others initiating new positions. Analyst sentiment for LCID is predominantly negative, with a "Reduce" consensus rating and an average target price of $18.92, highlighted by Morgan Stanley's downgrade to "underweight" with a $10 price target.
Where Will Lucid Group Stock Be in 10 Years?
This article discusses the future prospects of Lucid Group (NASDAQ: LCID) over the next decade, focusing on two main catalysts: the introduction of cheaper electric vehicle models and a strategic shift towards software and AI, similar to Tesla. The author anticipates that while cheaper models will drive vehicle sales, Lucid ultimately aims for software to be its primary revenue source, despite current financial constraints.
Assessing Lucid Group (LCID) Valuation As Leadership Shifts And Losses Keep Investor Scrutiny High
Lucid Group (LCID) has appointed Neil Marsons as SVP of Supply Chain amidst investor scrutiny over persistent losses, high short interest, and a significant drop in shareholder return over the past year. While some narratives suggest the company is undervalued at $11.75 per share, based on optimistic future growth and profitability assumptions, others argue its market price is rich due to its high price-to-sales ratio compared to industry peers and its current loss-making status. Investors are keenly awaiting the Q4 2025 earnings update to gauge its future trajectory.
Lucid Unveils 'The Seven Suite': A Live Immersion in Sound, Space, and Electric Motion
Lucid Group hosted "The Seven Suite," an intimate cinematic live performance in Berlin, fusing electric vehicle technology with an electrifying musical experience. French-American composer Uèle Lamore led an orchestral performance with seven Lucid Gravity vehicles integrated into a spatial sound installation. The event aimed to showcase how electric performance can be perceived emotionally, positioning Lucid Gravity as emotional architecture and highlighting its blend of space, performance, and intuitive technology.
Lucid Group Stock Strategy Adjustments: RBC Cuts Price Target
RBC has lowered its price target for Lucid Group (LCID) from $20 to $14, a 30% cut, due to growing concerns over electric vehicle demand and Lucid's significant financial strains, including negative gross margins and substantial net losses. Despite the reduced price target, RBC maintained its "sector perform" rating, suggesting that while challenges exist, Lucid's market position hasn't fundamentally changed. This adjustment reflects a re-evaluation of Lucid's potential valuation and growth prospects, likely impacting investor sentiment and emphasizing the company's need for operational innovation and cost streamlining.
Lucid Group: Gravity Launch Can’t Fix Broken Margins
Lucid Group (LCID) despite launching the Gravity SUV and a robotaxi partnership, faces significant financial challenges. The company is plagued by persistently negative gross margins, massive cash burn, and demand normalization risks, leading to a bearish outlook. While funding from the Public Investment Fund provides temporary relief, it doesn't solve its fundamental unit economics issues.
Lucid Group (NASDAQ:LCID) Stock Price Down 1.5% - What's Next?
Lucid Group (NASDAQ:LCID) saw its stock price drop by 1.5% on Tuesday, closing at $10.92 with trading volume significantly below average. Analyst sentiment remains largely bearish, with a consensus "Reduce" rating and a target price of $18.92, following recent downgrades. The company exhibits mixed fundamentals, including modest liquidity ratios and negative P/E, coupled with bearish technical indicators as its 50-day moving average is below its 200-day moving average.
New York State Common Retirement Fund Has $1.44 Million Stock Holdings in Lucid Group, Inc. $LCID
The New York State Common Retirement Fund significantly reduced its stake in Lucid Group (LCID) by 90% in Q3, selling over 542,000 shares but still retaining 60,322 shares worth approximately $1.435 million. While institutional ownership remains high at 75.17%, other funds like Marshall Wace LLP, Norges Bank, and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. either increased or initiated positions. Analysts hold a cautious "Reduce" consensus rating with a target price of $18.92, despite LCID trading near $11.09.
Alps Advisors Inc. Sells 1,887,506 Shares of Lucid Group, Inc. $LCID
Alps Advisors Inc. significantly reduced its stake in Lucid Group, Inc. by selling over 1.8 million shares, now owning approximately 0.06% of the company. Despite this, other institutions have acquired or initiated positions, bringing overall institutional ownership to 75.17%. Analysts have a mixed view on Lucid, with a consensus "Reduce" rating and an average price target of $18.92.
Lucid Announces Appointment of Neil Marsons as Senior Vice President of Supply Chain
Lucid Group has appointed Neil Marsons as Senior Vice President of Supply Chain to enhance and expand its global supply chain, supporting production in Arizona and Saudi Arabia. Marsons brings over 20 years of experience, including roles at Rolls Royce and Jaguar Land Rover, and has been advising Lucid on supply chain strategy for the past six months. This appointment is part of a series of leadership changes aimed at accelerating growth, streamlining operations, and improving accountability as Lucid prepares for its next phase of growth and introduces new vehicle platforms.
Lucid appoints Neil Marsons as SVP of supply chain
Lucid Group, Inc. has appointed Neil Marsons as Senior Vice President of Supply Chain. Marsons, who previously advised Lucid for six months, brings over 20 years of experience from companies like Rolls Royce and Jaguar Land Rover. This strategic hire aims to strengthen Lucid's global supply chain and improve cost efficiency as the company navigates significant financial challenges and aims for profitability.
Lucid Group hires Neil Marsons as supply chain chief
Lucid Group has appointed Neil Marsons as its Senior Vice President of Supply Chain, leveraging his 20 years of experience from companies like Rolls Royce and Jaguar Land Rover to optimize the EV manufacturer's global supply chain. Marsons will oversee operations at facilities in Arizona and Saudi Arabia, aiming to strengthen reliability, performance, and cost efficiency. This hiring coincides with other organizational changes and the departure of Claudia Gast, who previously had supply chain responsibilities.
Lucid Announces Appointment of Neil Marsons as Senior Vice President of Supply Chain
Lucid Group has appointed Neil Marsons as the Senior Vice President of Supply Chain, bringing over 20 years of experience to strengthen the company's global supply chain and support production in Arizona and Saudi Arabia. Marsons previously held senior roles at Rolls Royce and JCB and will report to Interim CEO Marc Winterhoff, focusing on cost efficiency and operational excellence as Lucid prepares for its next phase of growth. This appointment is part of several recent executive changes aimed at accelerating growth and streamlining decision-making.
Evaluating Lucid Group (LCID) After UBS Nearly Doubles Its Stake
UBS nearly doubled its stake in Lucid Group (LCID) in the fourth quarter, becoming a top institutional owner. Despite a recent uptick, Lucid's share price has seen significant declines over the past year, while the company faces increasing losses and revenue decrease in 2023. A narrative suggests LCID is 7.6% undervalued at $11.75, based on aggressive growth projections, though its P/S ratio remains high compared to industry averages and significant risks are present.
Stability Now: Lucid Shows Us How EVs Can Dominate Ice and Snow
Lucid demonstrated the superior winter driving capabilities of its EVs, especially the Air Sapphire and Gravity, on ice and snow at a Minnesota testing site. The company's integrated control strategy allows electric motors to react much faster than traditional engines or stability control systems, providing enhanced traction and stability. While EVs offer advantages, the article also notes challenges like reduced range in cold weather and the need to adjust regenerative braking in slippery conditions.
Vanguard Personalized Indexing Management LLC Decreases Holdings in Lucid Group, Inc. $LCID
Vanguard Personalized Indexing Management LLC significantly reduced its stake in Lucid Group, Inc. ($LCID) by 91.5% in Q3 2026, selling over 168,000 shares. This comes as Lucid missed quarterly earnings and revenue expectations, despite a 68.3% year-over-year revenue increase. The stock currently trades near $10.86 with a market cap of $3.52 billion, and analyst sentiment is predominantly "Reduce" with a consensus price target of $18.92.
Lucid stock jumps 14% as Dow tops 50,000 — what LCID investors watch next week
Lucid Group shares gained 14% on Friday, closing at $10.86, as Wall Street saw a broad rebound with the Dow topping 50,000 for the first time. Attention now shifts to Lucid's upcoming Feb. 24 quarterly report for updates on cash levels, demand signals, and their 2026 forecast. Investors are closely watching if the EV maker can translate its production into consistent sales amidst fluctuating consumer sentiment and market pressures.
Lucid (LCID) Shares Skyrocket, What You Need To Know
Lucid (LCID) shares surged 13% after a tech-driven market rebound, buoyed by improved consumer sentiment and increased AI-related capital expenditure announcements benefiting chipmakers. The rally saw the Dow Jones Industrial Average cross 50,000 for the first time, though Lucid's stock remains volatile and significantly below its 52-week high.
Mirae Asset Global Investments Co. Ltd. Has $455,000 Stock Holdings in Lucid Group, Inc. $LCID
Mirae Asset Global Investments Co. Ltd. significantly reduced its stake in Lucid Group, Inc. by 90.9% during the third quarter, now holding 19,125 shares valued at $455,000. Despite this, other institutions like Marshall Wace and Geode Capital Management increased their holdings, bringing institutional ownership in Lucid to 75.17%. Analysts generally have a "Reduce" rating on Lucid, with an average target price of $18.92 and the stock trading near its 1-year low of $9.53.
Lucid Group (LCID) Stock Price Prediction: 2026, 2027, 2030: Analyst Targets & Forecast
Lucid Group (LCID) faces a challenging outlook, with analysts forecasting a price of $8.33 by 2030, suggesting long-term downside. Despite a recent reverse stock split and some promising Q3 results showing increased production and revenue, the luxury EV maker continues to burn through cash, reporting a significant net loss. Competition from rivals like Tesla and BYD, coupled with the winding down of federal EV tax credits, poses substantial risks to Lucid's path to profitability and market share growth.
Lucid Group: Great Cars, Troubling Stock. Is It Still Too Risky to Touch?
Despite Lucid Group's impressive electric vehicles like the Air and Gravity, the company faces significant financial challenges, making its stock a risky investment. Lucid is rapidly spending its cash reserves, reporting substantial quarterly losses, and carrying a high debt load. Its increasing costs are outpacing revenue growth, and while its cars are technically advanced, their pricing strategy and the end of EV tax credits dampen consumer incentive to buy, leaving the company in a precarious financial position.
Lucid Range Win And Investor Day Plans Shape Broader EV Ambitions
Lucid Group's Lucid Air Grand Touring recently achieved the longest range in the 2026 Norges Automobil Forbund Winter Test, highlighting its technological strengths. The company plans to showcase a new midsize vehicle and reveal its broader product, autonomy, and software roadmaps at an upcoming Investor Day. This event is crucial for investors to evaluate Lucid's strategy for expanding its market presence beyond high-end sedans and addressing ongoing financial concerns.
How The New Price Target Is Shaping The Lucid Group (LCID) Investment Story
Lucid Group's (LCID) price target has been updated by analysts, reflecting a new assessment of the stock's risk profile, execution progress, and market perception. This change is influenced by factors like production scaling, cost management, funding position, and market demand expectations for Lucid's products. Investors are encouraged to use this update to re-evaluate their own assumptions about Lucid's revenue growth, margins, and capital needs.
Lucid Extends $7,500 Gravity Lease Credit for Second Time
Lucid Motors has extended its $7,500 ‘Lucid Advantage Credit’ for Gravity SUV leases for a second time, requiring customers to take delivery by February 12, 2026. This initiative aims to maintain sales momentum after a strong fourth quarter in 2025 where the company delivered 4,330 electric vehicles, a 55.2% increase year-over-year. The credit was originally introduced to compensate for the expiration of the federal EV tax credit and applies only to US customers leasing new Lucid Gravity models from existing inventory.
Lucid Group (NASDAQ:LCID) Shares Down 2.3% - What's Next?
Lucid Group (NASDAQ:LCID) saw its shares drop by 2.3% on Friday, closing at $11.07 with lower-than-average trading volume. Analyst sentiment has turned negative, with a consensus "Reduce" rating and an average price target of $18.92, while fundamentals remain weak as the company missed EPS and revenue estimates in its last reported quarter, enduring significant losses. Several institutional investors adjusted their holdings in LCID during the first quarter.
Lucid Air Achieves Longest Range at NAF Winter Test 2026
The Lucid Air Grand Touring 1 achieved the longest range at the NAF Winter Test 2026, covering 520 kilometers in temperatures as low as minus 31 degrees Celsius. This marks Lucid's first participation in the test, with the vehicle outperforming competitors significantly without needing charging stops. The achievement underlines Lucid's advanced electric powertrain technology and its efficiency in extreme winter conditions, adding to its previous range records.
Lucid Announces Upcoming Investor Day
Lucid has announced an upcoming Investor Day. The brief article, published on January 30, 2026, by Maaal, provides no further details about the event. It is a concise news item indicating future engagement with investors.
Lucid Group (LCID) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Lucid Group (LCID) experienced a 2.29% dip in its stock value, underperforming the broader market. Despite a recent monthly gain, the company's upcoming earnings report is highly anticipated, with analysts forecasting a decrease in EPS and a significant rise in revenue compared to the previous year. LCID currently holds a Zacks Rank #4 (Sell), reflecting short-term business trends and analyst expectations.
Lucid Group (LCID) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Lucid Group (LCID) experienced a 2.29% dip, underperforming the broader market indexes. Despite this recent decline, the stock saw a 7.19% gain over the last month, surpassing its sector and the S&P 500. Investors are anticipating the company's upcoming earnings report on February 24, 2026, with analysts forecasting a revenue increase and a negative EPS.
Sequoia Financial Advisors LLC Sells 102,578 Shares of Lucid Group, Inc. $LCID
Sequoia Financial Advisors LLC significantly reduced its stake in Lucid Group, Inc. (NASDAQ:LCID) by 90.9% in the third quarter, selling 102,578 shares and retaining 10,252 shares valued at $244,000. This institutional selling comes amidst mixed analyst ratings, with the stock holding an average "Reduce" rating and a consensus target price of $18.92. Lucid Group's latest earnings also missed analyst estimates, reporting a loss of $2.65 per share against an estimated $2.32.
Lucid stock rises after Air Grand Touring tops range test in Norway
Lucid Group Inc. (NASDAQ:LCID) stock rose 2.5% after its Air Grand Touring model achieved the longest range in Norway's NAF Winter Test. The luxury electric vehicle covered 520 kilometers (323 miles) in extreme cold conditions, outperforming competitors and demonstrating its proprietary electric powertrain technology. This performance adds to the Air Grand Touring's previous record in the NAF Summer Test and a GUINNESS WORLD RECORDS™ title for the longest journey on a single charge.
Lucid Air drives 520 km in -31°C winter test without recharging
The Lucid Air Grand Touring electric vehicle achieved the longest range in the 2026 NAF Winter Test, covering 520 km in temperatures as low as -31°C without recharging. This performance surpasses the next closest competitor by a significant margin and adds to Lucid's previous range records, including a GUINNESS WORLD RECORDS™ title for 1,205 km on a single charge. The company highlights its advanced proprietary electric powertrain technology and fast-charging capabilities as key factors in its efficiency and long-range achievements.
Lucid Group, Inc. (LCID) Opens Phoenix Hub, Accelerates Gravity SUV Production and Job Growth
Lucid Group (LCID) has opened its new Phoenix engineering and design hub, expanding its presence in Arizona. This initiative will play a crucial role in accelerating the development and production of the Lucid Gravity SUV and is expected to create 300 new jobs in the state. The expansion reinforces Lucid's commitment to innovation and growth in the electric vehicle market.
Y Intercept Hong Kong Ltd Makes New Investment in Lucid Group, Inc. $LCID
Y Intercept Hong Kong Ltd recently initiated a new investment in Lucid Group, Inc. by purchasing 94,487 shares valued at approximately $2.25 million. This comes as other institutional investors, such as Marshall Wace LLP, have significantly increased their stakes, bringing total institutional ownership to 75.17%. Despite this institutional attention, analysts are cautious, with the stock holding a consensus "Reduce" rating and a target price of $18.92, following a notable downgrade from Morgan Stanley.
Lucid Air Achieves Longest Range at NAF Winter Test 2026
The Lucid Air Grand Touring set a new record for the longest range in the NAF Winter Test "El Prix" 2026, covering 520 kilometers in extreme cold conditions in Norway. This achievement highlights Lucid's advanced electric powertrain technology and its focus on efficiency and innovation. The Grand Touring model also holds records from the NAF Summer Test 2025 and a GUINNESS WORLD RECORDS™ title for the longest journey by an electric car on a single charge.
Lucid Group, Inc. (NASDAQ:LCID) Receives Average Recommendation of "Reduce" from Analysts
Lucid Group, Inc. (NASDAQ:LCID) has received a consensus "Reduce" recommendation from analysts, with an average 12-month price target of $18.9222. Several brokerages recently lowered their price targets and ratings for LCID, reflecting concerns about its performance. The company reported a wider-than-expected loss in its last quarterly earnings and has seen significant institutional investment activity.
Lucid Announces Upcoming Investor Day
Lucid Group, Inc. (NASDAQ: LCID) announced it will host an Investor Day on March 12, 2026, to provide updates on its strategic priorities, operational execution, growth roadmap, and financial outlook. The event will feature presentations from senior leadership, including an in-depth preview of its upcoming midsize vehicle program and software advancements. The Investor Day will be webcast and will include a live Q&A session.
Lucid Announces Upcoming Investor Day
Lucid Group, Inc. will host an Investor Day on March 12, 2026, to provide updates on its strategic priorities, operational execution, growth roadmap, and financial outlook. The event will feature presentations on its core technology platform, upcoming midsize vehicle program, software advancements, and autonomy strategy. It will include an in-depth preview of the midsize vehicle program and a Q&A session with management.
