Better EV Stock: Lucid Group vs. Faraday Future
Lucid (NASDAQ: LCID) and Faraday Future (NASDAQ: FFIE) are both electric vehicle (EV) makers that went public by merging with special purpose acquisition companies (SPACs) in 2021. Both companies initially impressed investors with their rosy long-term projections, but their stocks collapsed after they failed to meet their early production targets.
Rising interest rates also made the two unprofitable EV makers even less appealing. Could either of these out-of-favor stocks make a comeback this year? Let's review their broken promises, turnaround plans, and valuations to decide.
Image source: Lucid.
Source Fool.com
