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Which Electric Vehicle Stock Is a Better Buy? -Breaking

by Mike Robinson

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© Reuters. Lucid Group vs. Rivian. Which Electric Vehicle Stock is Better?

Rivian (RIVN), and Lucid Motors, (LCID) are both electric vehicle (EV) company. They have potential for exponential growth in the future making them attractive stocks. The lack of revenue and earnings visibility at both companies increases the risk. The question is: Which EV stock, if taking a chance, is the best investment right now? Lucid Group (LCID) Rivian (RIVN), has been very volatile. While neither company has yet to see any significant sales, they already have multi-billion dollar valuations.

LCID stock was first listed on the NASDAQ early in 2021. Since then, shareholders have received over 400%. But, it is down 20% from its previous all-time highs. RIVN, on the other hand, went public in October and was listed at $78 each share. RIVN stock hit a record-breaking $179, but it has dropped 33% in the last week.

Today I’ll analyze both EV companies to determine which should be on your shopping list right now.

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