Lucid: RBC Capital Joins Baird in Cutting Price Target to $14 | EV

RBC Capital Markets reduced its price target for Lucid Motors by 30% to $14 from $20, following Baird's similar move. The cuts come amid ongoing challenges for Lucid, including software issues, a CEO search, and high cash burn rates. Despite meeting its 2025 production guidance and unveiling a robotaxi at CES, Lucid's stock hit an all-time low. The company has fired several software staff and expects to resolve software problems by the end of March.