Lucid (LCID) The Motley Fool·2025-03-10 15:35Group 1 - The Nasdaq Composite index dropped as much as 3% and the S&P 500 index was lower by almost 2%, but Lucid Group's stock increased by as much as 4.7% [1] - Benchmark analyst Mickey Legg met with Lucid management and reiterated a buy rating with a price target of $5, implying a potential gain of over 130% from the previous closing price [2] - Lucid announced the stepping down of CEO Peter Rawlinson, with COO Marc Winterhoff appointed as interim CEO, and the new management team is expected to grow sales and scale manufacturing through 2025 [3] Group 2 - Lucid plans to more than double production this year compared to 2024 and aims to produce about 20,000 EVs in 2025 [3] - The launch of the new Gravity luxury SUV is expected to attract more investor interest in Lucid stock [3]