Better EV Stock: Lucid Group or Gogoro
Over the past year, many special purpose acquisition companies (SPACs) agreed to merge with electric vehicle (EV) companies. However, many of those EV companies are tiny, haven't generated any revenue yet, and rely heavily on extremely bullish market forecasts to attract investors.
At first glance, the SPAC-backed EV market might look like a speculative swamp filled with overvalued stocks. But some of those companies are already producing vehicles and generating real revenue.
Today we'll take a look at two of those better-run EV companies: Lucid Group (NASDAQ: LCID), which went public by merging with Churchill Capital IV Corp. earlier this year, and Gogoro, which plans to merge with Poema Global Holdings (NASDAQ: PPGH) in the first quarter of 2022.
Source Fool.com
