If You Had Invested $10,000 in Lucid and Tesla at the Start of the Year, Here's How Much You'd Have Now

Electric vehicle (EV) companies were the talk of the town in 2021, partly because there was so much to talk about.

Many up-and-comers such as Chinese automakers Nio and XPeng and U.S. firms like Lucid Group (NASDAQ: LCID) and Rivian Automotive were making names for themselves. Then there were the major capital commitments that seemingly all the legacy automakers were making toward their own EV projects. The ramp-up in activity suggests the world is ready to transition in earnest from the internal combustion engine to the electric motor.

Among the top electric car stocks in 2021 were Lucid and Tesla (NASDAQ: TSLA). If you had split a $10,000 investment 50/50 between the two at the start of this year, your investment would be worth $21,600 today. But those gains are in the past. What's the investment case for each company going forward, and can the case still be made to buy stock in these two EV makers?

Source Fool.com