Better EV Stock: Lucid vs. Rivian
It's been a bumpy ride for many electric vehicle (EV) stocks over the past few years, and both Rivian Automotive (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) have felt each jarring pothole. Rivian's shares have tumbled 79% and Lucid's have fallen 92% over the past three years.
If those declines haven't scared you off, then you might, like me, have a long-term optimistic view of the EV market. And there have been glimmers of hope. Sales of electric vehicles rose 7% in the U.S. last year, reaching 1.3 million.
However, not every EV start-up will make it through this difficult time and emerge stronger for it. So, based on what's happening now, does Rivian or Lucid look like the better EV stock? Let's take a look.
Source Fool.com
