Lucid Group vs. Nikola: Which Electric Vehicle Stock Is a Better Choice?

imageStock Markets10 minutes ago (Sep 23, 2021 04:30PM ET)

(C) Reuters. Lucid Group vs. Nikola: Which Electric Vehicle Stock Is a Better Choice?

Lucid Motors (LCID) and Nikola (NKLA) already enjoy multi-billion-dollar valuations but are yet to begin any meaningful shipments of electric vehicles (EVs). These high-risk bets have the potential to turn multibaggers in the upcoming decade given the accelerated transition towards the adoption of electric vehicles. But which is currently the better buy?.Electric vehicle (EV) stocks have trailed the market in 2021, after a spectacular run in 2020. However, this current underperformance is providing an opportunity for investors to buy the dip, as the companies in this space remain poised for spectacular growth in the next decade.

Much of this growth is due to the shift towards clean energy solutions, supported by federal and state governments all around the world via subsidies and other benefits. This in turn will attract both legacy automobile players as well as new entrants into the EV market.

Today I will compare two EV stocks, Lucid Group (LCID) and Nikola (NKLA), to see which is a better buy right now.

Continue reading on StockNews

Lucid Group vs. Nikola: Which Electric Vehicle Stock Is a Better Choice?

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

image

Our Apps

DOWNLOAD APPApp store

Investing.com

(C) 2007-2021 Fusion Media Limited. All Rights Reserved

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Related Articles

Explainer-Americans wonder: Which COVID-19 booster is best?

(C) Reuters. FILE PHOTO: Vials labelled "Moderna, Johnson & Johnson, Pfizer-BioNTech...

Subscribe

Categories

Same Category

Explainer-Americans wonder: Which COVID-19 booster is best?

(C) Reuters. FILE PHOTO: Vials labelled "Moderna, Johnson &...

BMW to phase out fossil-fuel burning engines from main plant by 2024

Stock Markets25 minutes ago (Oct 22, 2021 01:11PM ET) (C)...

In corporate crackdown, U.S. SEC takes aim at executive pay

(C) Reuters. FILE PHOTO: Signage is seen at the...