Lucid Plans to Challenge Tesla's Model Y in 2026 with a $50,000 EV
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Lucid (LCID) plans to challenge Tesla's Model Y with a $50,000 electric crossover, "Project Midsize," set for production in late 2026. This shift from luxury EVs aims to broaden Lucid's market reach. The vehicle will use the efficient Atlas drive unit and a smaller battery pack, targeting over 300 miles range. Analysts see this as crucial for Lucid's growth, given its current challenges. Wall Street analysts have a Hold consensus on Lucid stock, with a $17 price target, implying 49% upside potential.
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