Analysts revise Lucid stock price target ahead of earnings

Lucid (NASDAQ: LCID) stock has taken a beating in recent quarters due to lower-than-expected sales and production, resulting in a sharp decline in its value.The company, renowned for its Air sedan and upcoming Gravity SUV, struggled to meet production targets due to supply chain challenges and market conditions. Despite optimistic expectations for vehicle production, Lucid fell short, producing only 7,180 vehicles in 2022 and 8,428 vehicles in 2023.In 2023, revenue decreased despite an uptick in deliveries, ...