Phoenix.com Hong Kong Stocks |Morgan StanleyAnalyst Adam Jonas issued a research report initiating a "sell" rating on Lucid Group (LCID) with a target price of $12.In its report, Jonas pointed out that Lucid is a highly vertically integrated pure electric vehicle company that has solved problems through key innovations.Tesla(TSLA) and above high-end markets. Analysts say that given the company's valuation of $31 billion, the market seems to believe that Lucid will achieve very high market share and profit margins. Analysts believe that Lucid can maintain a favorable position in a highly competitive market, but at this stage, Lucid still faces many obstacles if it wants to keep pace with more established electric vehicle giants and realize its valuation.
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