Tue Sep 02 08:00:00 UTC 2025: **News Article: Lucid Shares Plunge as Analyst Cuts Price Target Amid Production Concerns**

**[City, State] -** Shares of luxury electric vehicle maker Lucid Group (LCID) are continuing their downward trend, dropping 34% year-to-date, as the company grapples with production challenges and market headwinds. The pressure intensified following the release of Q2 2025 results on August 5, which saw the stock fall approximately 9%.

Adding to the concern, Stifel analyst Stephen Gengaro has lowered his price target for Lucid from $3.00 to $2.10 per share, maintaining a “Hold” rating on the stock. This revised target translates to $21.00 post-split, reflecting Lucid’s recent 1-for-10 reverse stock split which took effect on August 29th and will impact trading on September 2nd. The reverse split aims to maintain Nasdaq compliance with minimum bid price requirements.

While Q2 revenue marginally exceeded expectations, both gross profit and adjusted EBITDA fell short, signaling ongoing struggles with cost efficiency, Gengaro noted.

Compounding the issue, Lucid has revised its 2025 production forecast downwards to 18,000-20,000 vehicles, a decrease from the initial target of 20,000. The analyst attributed this revision to market volatility and broader industry challenges impacting the electric vehicle sector.

Despite the negative near-term outlook, Gengaro remains optimistic about Lucid’s technology and product quality, praising the Air sedan and upcoming Gravity SUV. However, he cautioned that the company will likely require further capital infusions in the coming years to sustain operations and expansion.

The future for Lucid hinges on the success of the Gravity SUV launch and the development of a mid-size vehicle, Gengaro indicated, stating he will remain cautiously on the sidelines for now.

Currently, Lucid Group holds a consensus “Hold” rating from eleven Wall Street analysts, based on two “Buy,” eight “Hold,” and one “Sell” recommendations issued in the last three months. The average price target for LCID sits at $3.14, suggesting a potential upside of 58.59% from current levels.

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