Lucid Stock Under Pressure as Analyst Sees Revenue, Margin Risks
RBC expects Lucid’s quarterly revenue to reach $351 million, below consensus, and anticipates weaker gross margins due to lower fixed-cost absorption.
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Lucid Plans To Open First Three Retail, Service Locations In France In Q1 Next Year; Intends To Expand French Network To Over 16 Locations By End Of 2027; Orders For Lucid Vehicles In France Are Expected To Open In Q1 2027
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Tesla Faces New Luxury EV Rival in France as Lucid Plans 16 Locations
Lucid plans more than 16 French partner locations by 2027, adding a new premium EV rival for Tesla as it works to scale deliveries.
Why Lucid Group Stock Is Moving in Reverse Today
Lucid Group stock fell 9.4% after RBC Capital cut its price target from $7 to $4, implying only 5.5% upside from current levels. The downgrade comes as Lucid reported declining production and delivery numbers in Q3 2026 compared to the prior year. The company is executing an 'operating reset' targeting $1.4 billion in cash flow improvements for 2026, but investors remain cautious until results materialize.