This Hot Growth Stock Is Still a Buy After Enormous Gains

Shares of electric vehicle (EV) leader Tesla (NASDAQ: TSLA) have been on another tear. In the last month, Tesla's stock price has risen more than 32%, bringing back memories of last year when its shares provided exponential gains.

But Tesla isn't actually the hottest growth stock in the EV sector right now. That title belongs to Lucid Group (NASDAQ: LCID), as the Tesla challenger recently delivered its first vehicles to customers. Investors have hung on every news item, and Lucid shares have outpaced those of Tesla in the past 30 days, soaring 93%. Whether the high hopes for the business come to fruition for Lucid shareholders depends on what comes next.

Image source: Lucid Group.

Source Fool.com