Ifeng.com Hong Kong stocksMorgan StanleyAnalyst Adam Jonas issued a research report saying that he first gave Lucid Group (LCID) an underweight rating with a target price of $12.Jonas pointed out in the report that Lucid is a highly vertically integrated pure electric vehicle company that solves the problem of key innovationsTesla(TSLA) and above premium segments. Analysts said that at the company's valuation of $31 billion, the market seems to think that Lucid will achieve very high market share and profit margins. Analysts believe that Lucid can continue to occupy a favorable position in a highly competitive market, but at this stage, Lucid still has many obstacles to face if it wants to keep pace with more mature electric vehicle giants and achieve its valuation.
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