Lucid and Nio Are Falling; Is the EV Stock Boom Over?
Share prices of Lucid Group (NASDAQ: LCID) and Nio (NYSE: NIO) are down over 10% since Monday. The broader market sell-off is weighing on even hot industries like electric car companies.
Industry watchers are likely wondering if this is a sign that the boom in electric vehicle (EV) stocks is over. Let's dive into Lucid and Nio to see if each company has what it takes to endure today's short-term pain for a potential long-term gain.
Image source: Lucid Group.
Source Fool.com
