Better Buy: Tesla or Equal Parts of Lucid, Rivian, Nio, and Ford?

After making waves in 2021, the electric vehicle (EV) industry has wasted no time making a name for itself so far in 2022. Despite the Nasdaq Composite being negative for the year, share prices of Lucid Group (NASDAQ: LCID) and Ford Motor Company (NYSE: F) have already gained over 17% each as investors cheer EV investments and accelerated production goals.

Investors looking to take a slice out of the EV pie may consider going with an industry leader like Tesla (NASDAQ: TSLA), or taking more of a basket approach with several EV stocks such as Lucid, Ford, Rivian Automotive (NASDAQ: RIVN), and Nio (NYSE: NIO). Here's the case for each.

Image source: Lucid Group.

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Source Fool.com