Better EV Stock: Lucid vs. Tesla
Electric vehicles (EVs) are in rough terrain. While U.S. EV sales rose 7% last year to 1.3 million in the U.S., the Trump administration's not-so-friendly stance toward electric vehicles has spooked some investors and ignited concerns that growth among EV makers could be stifled.So what's an investor in EV stocks to do? As someone who believes in the long-term potential of this market, I think the current difficulties some EV makers are facing could be temporary. Let's look closely at start-up Lucid (NASDAQ: LCID) and established leader Tesla (NASDAQ: TSLA) to see which is the better buy.Image source: Lucid.Continue reading
Electric vehicles (EVs) are in rough terrain. While U.S. EV sales rose 7% last year to 1.3 million in the U.S., the Trump administration's not-so-friendly stance toward electric vehicles has spooked some investors and ignited concerns that growth among EV makers could be stifled.
So what's an investor in EV stocks to do? As someone who believes in the long-term potential of this market, I think the current difficulties some EV makers are facing could be temporary. Let's look closely at start-up Lucid (NASDAQ: LCID) and established leader Tesla (NASDAQ: TSLA) to see which is the better buy.
Image source: Lucid.
