Why Is Wall Street So Bearish on Lucid Group? There's 1 Key Reason.

Group 1 - The excitement around robotaxis has led to significant boosts in electric vehicle (EV) stocks, particularly for companies like Tesla and Lucid Group [1][3] - However, analysts express concerns about the financial challenges that EV makers will face starting in 2025 due to the expiration of federal tax credits for EV purchases, which will increase costs by $7,500 [4][6] - The anticipated decline in demand growth is compounded by the loss of value in federal automotive regulatory credits, which have previously generated over $200 million for Lucid [4][6] Group 2 - EV sales have already seen a year-over-year decline of 6.3% in the second quarter of 2025, with expectations that this trend may continue or worsen due to reduced incentives [6] - While Lucid's long-term robotaxi opportunity remains promising, analysts are concerned about the immediate future regarding reduced sales and profit growth [7]