NIO (NIO) and Lucid Motors (LCID) are two electric vehicle stocks that are part of a nascent market, which means they are poised for explosive growth in the upcoming decade. Let’s compare the established player, NIO, with the pre-revenue company, Lucid Motors, to see which should be part of your portfolio today.The electric vehicle (EV) space has experienced a volatile 2021, after gaining massive momentum last year. Further, EV stocks based out of China have experienced a higher degree of volatility, as the country continues to crack down on its publicly traded companies, making investors all around the globe extremely nervous.
However, the pullback could provide investors a chance to buy quality growth stocks that are part of a market expanding at a rapid clip. As several countries around the globe are supporting infrastructure investments for EV players, these stocks have a chance to deliver market-beating returns to investors in the upcoming decade.
Keeping these factors in mind, let's compare two EV stocks in NIO (NIO) and Lucid Motors (LCID).