Better Buy: Rivian vs. Lucid Group

The race for electric vehicle (EV) stardom is intensifying. New players are hitting the scene with impressive technology that rivals that of legacy automakers and even the undisputed EV kingpin, Tesla (NASDAQ: TSLA).

Rivian Automotive (NASDAQ: RIVN) had its initial public offering (IPO) last week and is capturing the spotlight for its truck and delivery van products. It's already the second most valuable U.S. automaker. Close behind is Lucid Group (NASDAQ: LCID), which has seen its stock price more than double over the last month.

Here, we'll weigh the pros and cons of each electric vehicle company to evaluate which is the better buy now.

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Source Fool.com