StoneX analyst Mickey Legg reiterated a Hold rating on Lucid Group Inc. (NASDAQ: LCID).
“Lucid’s Q3 deliveries miss expectations despite inventory reduction.
Lucid reported Q3 production of 2,954 vehicles and deliveries of 3,806, compared with FactSet estimates of 3,497 and 5,900, respectively.
Production was 15.5% below consensus, while deliveries missed by 35.5%, declining 6.7% versus Q3 2025 and 3.7% versus Q2’s 3,953.
Deliveries exceeded production, indicating progress on inventory conversion, but the substantial delivery shortfall underscores the challenge of improving sell-through.
As such, we maintain our Hold rating.”
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Tracking this call
Firm track recordStoneX reached 50% of its 12 scored targets within six months (#27 of 31 firms); on Lucid, 0 of 3. Accuracy ranking →
Targets are adjusted for the 1-for-10 reverse split on Sep 2, 2025, so every call is in the same share terms as this note.
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