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Morgan Stanley Downgrades To Equal Weight On Lucid Group, Inc. (LCID)

Lucid Group, Inc. (NASDAQ:LCID) is among the 8 High Growth EV Stocks to Buy Now. 

Morgan Stanley downgraded Lucid Group, Inc. (NASDAQ:LCID) to Underweight from Equal Weight on December 8. The firm also trimmed its price target to $10 from $30, according to TheFly.

The reduction occurred as a result of a change in analyst coverage and was part of Morgan Stanley’s 2026 outlook assessment for the auto and shared mobility industries. The firm stated it is becoming more cautious in 2026, claiming that an “EV winter” is projected to last until next year. The firm stated that its forecast for internal combustion engines and hybrid vehicles has grown moderately more favorable, according to TheFly.

According to Bloomberg on December 10, Lucid Group, Inc. (NASDAQ:LCID) executives stated that the company is witnessing a distinct slowdown in the demand for electric vehicles in both the US and Europe. Interim CEO Marc Winterhoff told Bloomberg Television that the elimination of US federal tax credits pushed some EV demand into the third quarter. He stated that Lucid Group, Inc. (NASDAQ:LCID) continues to work through its backlog, which gives some protection. However, he added that there is a slowdown, and there is no doubt about it. Winterhoff stated that the first batch of Lucid Group, Inc. (NASDAQ:LCID)’s Gravity sport utility vehicles is scheduled to arrive in Europe later this year, with deliveries beginning in the first quarter of 2026.

Lucid Group, Inc. (NASDAQ:LCID) is a technology and automobile firm. It develops the next generation of electric vehicle technology.

While we acknowledge the risk and potential of LCID as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LCID and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.

Disclosure. None

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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