Better Buy: Lucid or a 50/50 Split of Nio and XPeng?

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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Source Fool.com