Lucid Stock Slips As Company Holds Investor Day And Strategic Discussion

Lucid Group Inc (NASDAQ:LCID) shares are down Thursday as investors weighed concerns over losses and potential share dilution.

At its Investor Day on March 12, Lucid outlined its strategy for growth and profitability. A key moment was a fireside chat between Interim CEO Marc Winterhoff and Uber President Andrew Macdonald, discussing their upcoming robotaxi partnership expected to launch later this year.

Neward, California-based Lucid also announced that Gravity owners in North America will receive an over-the-air software update starting March 12, enabling Apple CarPlay and Android Auto integration. The update will extend to owners in the Middle East and Europe later this month.

Despite these updates, investors remain cautious after Lucid posted a wider-than-expected loss of $3.08 per share in Q4, despite beating revenue estimates with $522.73 million. Concerns were also raised by the company's filing to resell up to 69.12 million shares linked to obligations with Uber and Saudi Arabia's Public Investment Fund.

Broader market weakness added to the pressure, with the S&P 500 down 0.8% and the Consumer Discretionary sector falling 0.9%.

Short Sellers Pile On To Lucid

Short interest in Lucid ticked up in the latest reporting period, rising from 44.08 million to 44.30 million shares — representing 52.89% of publicly available shares sold short, with shorts needing roughly 6.9 days to cover at current trading volumes.

Lucid Technical Analysis

Over the past 12 months, shares have decreased by 54.63%, and they are currently positioned closer to their 52-week lows than highs.

The RSI is at 54.75, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, MACD is at -0.0922, with the signal line at -0.1961, indicating a bullish momentum as the MACD is above the signal line.

The combination of a neutral RSI and a bullish MACD suggests mixed momentum, indicating that while there may be some buying interest, the stock is still struggling to gain upward momentum.

• Key Resistance: $10.50
• Key Support: $9.50

Analyst Consensus & Recent Actions

The stock carries a Neutral Rating with an average price target of $8.54. Recent analyst moves include:

• Cantor Fitzgerald: Neutral (Lowers Target to $14.00) (Feb. 25)
• Morgan Stanley: Downgraded to Underweight (Lowers Target to $10.00) (Dec. 8, 2025)
• Stifel: Hold (Lowers Target to $17.00) (Nov. 17, 2025)

Top ETF Exposure

• SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL): 2.02% Weight
• GraniteShares 2x Long LCID Daily ETF (NASDAQ:LCDL): 200.10% Weight

Significance: Because LCID carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.

LCID Stock Price Activity: Lucid Group shares were down 6.32% at $10.01 at the time of publication on Thursday, according to Benzinga Pro data.

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