Lucid Shares Continue Downward Spiral Amid Analyst Concerns

Lucid Group's stock maintains its persistent downward trajectory, recording a weekly decline exceeding 7% and continuing its negative daily performance. The electric vehicle manufacturer faces mounting pressure as Weiss Ratings reaffirmed its pessimistic "Sell" recommendation over the weekend, assigning the equity a D- grade. With the company now introducing its first-ever discounts for the new Gravity SUV model, market participants question whether this strategic shift arrives too late to alter its fortunes.

In a significant strategic pivot, Lucid announced initial price reductions for its Gravity SUV on Friday. The limited-time incentives include a $3,000 discount available exclusively at a Denver showroom, though vehicle availability remains constrained. Simultaneously, the company confirmed plans to launch more affordable "Touring" variants later this year.

Complementing these market moves, Lucid is accelerating its manufacturing capabilities. The Arizona production facility is preparing to implement a second work shift, aiming to boost delivery volumes for the Gravity SUV. This model is projected to constitute the majority of the company's future production output.

Persistent Fundamental Challenges

Beneath these recent developments lie deeper operational concerns. The company's latest quarterly report released August 5 revealed significant disappointments, with revenue reaching only $259.43 million against analyst expectations of $288.10 million. Earnings per share similarly failed to meet market projections.

Should investors sell immediately? Or is it worth buying Lucid Group?

The technical chart outlook remains decidedly bearish, with current trading levels positioned substantially below the 52-week peak of $36.40. September's reverse stock split failed to generate sustainable momentum or reverse the prevailing negative trend.

Analyst Sentiment Reflects Uncertainty

Weiss Ratings' Saturday confirmation of its "Sell" assessment amplifies the negative signals surrounding the electric vehicle producer. While approximately 63% of market analysts maintain "Hold" positions on the stock, the critical perspective underscores persistent doubts about Lucid's operational trajectory and future prospects.

Market attention now turns to the upcoming quarterly earnings announcement scheduled for November 5. Investors anticipate clear guidance regarding production scaling efforts, demand dynamics, and the company's pathway toward profitability. The pressure intensifies for Lucid Group to demonstrate tangible progress amid challenging market conditions.