Here's Why Lucid and Ford Could Be 2022's Top EV Growth Stocks
Just one week into the new year, and the share prices of EV newcomer Lucid Group (NASDAQ: LCID) and Ford (NYSE: F) both surged over 10% despite simultaneous losses from the S&P 500, Nasdaq, and other EV companies like Tesla (NASDAQ: TSLA), Rivian (NASDAQ: RIVN), and Nio.
Favorable short-term price action isn't grounds for a long-term investment thesis. But there are excellent reasons why Lucid and Ford are set up nicely to grow in 2022 and beyond. Here's the latest on each company and what makes both electric car stocks great buys now.
Image source: Lucid Group.
Source Fool.com
