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Lucid downgraded by Morgan Stanley Analyst

Analysts are like ***holes. Everyone has at least oneā€¦ and they all stink.
 
Rivian was downgraded too. Tesla was downgraded from a buy to a hold because he thinks ā€œAI will save Tesla,ā€ which is a bit of a joke (Iā€™m paraphrasing).

šŸ¤·ā€ā™‚ļø
 
borski said:
Rivian was downgraded too. Tesla was downgraded from a buy to a hold because he thinks ā€œAI will save Tesla,ā€ which is a bit of a joke (Iā€™m paraphrasing).

šŸ¤·ā€ā™‚ļø
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Lols šŸ˜‚ itā€™s downgrade season. Harvest time for the moneylenders Mr. Scrooge would say.
 
I ignore analysts and usually do the opposite of what they suggest. But their spew does have a short-term impact on the stocks they cover. Here is Andrew Percoco, Morgan Stanley's new Automotive Analyst, who just downgraded Lucid and Rivian... No joke. Good grief.
 
AZLucidGuy said:
I ignore analysts and usually do the opposite of what they suggest. But their spew does have a short-term impact on the stocks they cover. Here is Andrew Percoco, Morgan Stanley's new Automotive Analyst, who just downgraded Lucid and Rivian... No joke. Good grief.
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Looks like a thumb. I canā€™t trust his advice. Not to degenerate into ad hominem attacks.
 
californiaboy935 said:
This is unfortunate news. I had hoped for a correction in the upward direction. Ugh.


šŸ˜© These big banks are loosing their minds, or trying to get the shares for a steal. IMO.
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I painfully agree with Morgan Stanley on this. I want the stock to do well; but seriously there's nothing helping Lucid right now. Nothing will help Lucid until it delivers better than expected number for Q4/year overall and cutomers'/reviewers' sentiment about the vehicles switch to a net positive (albeit most annoying software issues fixed). This is, however, a personal opinion.
 
merveille07 said:
I painfully agree with Morgan Stanley on this. I want the stock to do well; but seriously there's nothing helping Lucid right now. Nothing will help Lucid until it delivers better than expected number for Q4/year overall and cutomers'/reviewers' sentiment about the vehicles switch to a net positive (albeit most annoying software issues fixed). This is, however, a personal opinion.
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The reviews of the Lucid Air and Gravity are most certainly "net positive". Please take a look at the rankings from C&D, MotorTrend, Doug Muro, and others. "Better than expected..." means better than expected by bone-headed ANALYSTS. That's the point. Lucid has continued to show steady QoQ and YoY growth. I have 58,000 miles on my 2022 Lucid Air GT, and it has not had any mechanical problems, which is incredible for the first full model year of a new automaker's first model. Air v2.8.16 is stable, and I only occasionally have issues software-wise at this point.

In 2026, Lucid will have mid-size models in production and Gravity robotaxis on the streets of San Francisco, serving paying Uber customers. I would not be surprised if the "piano man" at Morgan Stanley is unaware. I remain long-term bullish on Lucid.
 
LCID seems to go up or down 7-10% daily, but its only a dollar change in value. Doesn't stop the headlines from going all chicken little tho.
 
californiaboy935 said:
Looks like a thumb. I canā€™t trust his advice. Not to degenerate into ad hominem attacks.
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Please donā€™t do this. Heā€™s a guy, plays piano pretty well, and none of that has anything to do with what he said.
 
AZLucidGuy said:
Let him play piano. I find most analysts, including him, to be useless.
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Thatā€™s fine. Iā€™m not defending his opinions lol; I just want to stay away from and avoid that kind of ad hominem attack here.

Iā€™d like to think weā€™re better than that.
 
Let's not make this a personal attack on people. An analyst calling a Sell for a company losing billions in a shrinking market impacted by the loss of government incentives is just doing his/her job IMO.

[Disclaimer: I'm still taking delivery of mine, so these news do not impact my decision]
 
AZLucidGuy said:
The reviews of the Lucid Air and Gravity are most certainly "net positive". Please take a look at the rankings from C&D, MotorTrend, Doug Muro, and others. "Better than expected..." means better than expected by bone-headed ANALYSTS. That's the point. Lucid has continued to show steady QoQ and YoY growth. I have 58,000 miles on my 2022 Lucid Air GT, and it has not had any mechanical problems, which is incredible for the first full model year of a new automaker's first model. Air v2.8.16 is stable, and I only occasionally have issues software-wise at this point.

In 2026, Lucid will have mid-size models in production and Gravity robotaxis on the streets of San Francisco, serving paying Uber customers. I would not be surprised if the "piano man" at Morgan Stanley is unaware. I remain long-term bullish on Lucid.
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If you think so.
 
borski said:
Rivian was downgraded too. Tesla was downgraded from a buy to a hold because he thinks ā€œAI will save Tesla,ā€ which is a bit of a joke (Iā€™m paraphrasing).

šŸ¤·ā€ā™‚ļø
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TSLA near all time high stock price last week.
 
californiaboy935 said:
This is unfortunate news. I had hoped for a correction in the upward direction. Ugh.


šŸ˜© These big banks are loosing their minds, or trying to get the shares for a steal. IMO.
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Never trust anything they say, if they were right all the time, they would be billionaires and not analysts. They just react , they canā€™t predict. They had a $30 target, where is it now? I just ignore them.
 
prgarg said:
Let's not make this a personal attack on people. An analyst calling a Sell for a company losing billions in a shrinking market impacted by the loss of government incentives is just doing his/her job IMO.

[Disclaimer: I'm still taking delivery of mine, so these news do not impact my decision]
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Sorry , when you have + 400 price target on TSLA with declining sales and no concrete evidence they will increase earnings substantially , you deserve to be admonished! Just a bunch of Wall Street crooks. I ignore anything they say.
 
AZLucidGuy said:
I ignore analysts and usually do the opposite of what they suggest. But their spew does have a short-term impact on the stocks they cover. Here is Andrew Percoco, Morgan Stanley's new Automotive Analyst, who just downgraded Lucid and Rivian... No joke. Good grief.
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The stock analyst remind me of the guys who tout sports betting/locks back in the day

 
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