Shares in Lucid Group have continued to underperform due to high losses and reliance on dilutive equity sales. This raises doubts about its long-term potential. Lucid’s stock has fallen over 60% this year, making it a poor investment compared to the S&P 500’s 13% increase. Another EV contender like Rivian may offer better prospects with lower-priced models and stronger liquidity. Lucid’s cash burn remains high, leading to more equity sales and share dilution. Despite U.S. EV sales stalling, global EV sales are up 21%. Rivian’s upcoming R2 SUVs and financial position make it a more attractive EV investment than Lucid. The Motley Fool’s Stock Advisor team recommends 10 other stocks over Lucid for potential high returns.

Read more at Yahoo Finance: Forget Lucid Stock and Look at This EV Stock Instead