Better Buy: Nio or a 50/50 Split of Lucid and Tesla
Market volatility is back as the major indices bob up and down and smaller companies soar and sink.
Chinese automaker Nio (NYSE: NIO) took the electric vehicle (EV) industry by storm in 2020. But this year its stock is down. Meanwhile, Tesla (NASDAQ: TSLA) has blasted past a $1 trillion valuation, and Lucid Group (NASDAQ: LCID) has a market cap of over $60 billion despite being years away from profitability. Here's the case for buying Nio, as well as the argument for a 50/50 split between Lucid and Tesla. Let's see which might be the better buy.
Image source: Nio.
Source Fool.com