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Lucid Group Inc. is a “super premium” electric-vehicle maker that may be able to scale its production, but there’s just too much competition to get too excited about the stock for now, Morgan Stanley analyst Adam Jonas said in a note this week.
Shares of Lucid LCID and Israel-based Ree Automotive Ltd. REE, which makes an EV chassis called “skateboards,” got the equivalent of a sell rating from Jonas in a note made public on Tuesday.
Lucid…
