While the broader market is dealing with its own wave of ups and downs, electric car stocks have been even more volatile. Luxury electric sedan maker Lucid Group (NASDAQ: LCID) has seen its stock price dip below $20 and surge past $60 a share within just a four-month time frame.
Not even Chinese automakers Nio (NYSE: NIO) and XPeng (NYSE: XPEV) have been immune from the volatility. In fact, both stocks are underperforming the S&P 500 so far this year. Let's determine whether it's better to buy Lucid or a 50/50 split of Nio and Xpeng right now.
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Better Buy: Lucid or a 50/50 Split of Nio and XPeng?