Better Buy: ChargePoint or a 50/50 Split of Lucid and Rivian?
On Thursday, the U.S. stock market suffered one of its worst days of 2022, with all three major indices down 1.8% to 2.9% on the day. Share prices of electric vehicle (EV) charging infrastructure company ChargePoint Holdings (NYSE: CHPT), as well as up-and-coming automakers Lucid Group (NASDAQ: LCID) and Rivian Automotive (NASDAQ: RIVN) fell on Thursday and are now down over 25% year to date.
Given that all three stocks are down over 50% from their 52-week highs, is now the time to buy the dip, or could there be more pain in store?
Image source: Getty Images.
Source Fool.com
