Lucid Group (NASDAQ: LCID) is a notable player in the EV market, gaining recognition for its luxury-focused EVs. Despite strong growth in vehicle deliveries and revenue, the company’s stock performance has been volatile, dropping 41% in the last year.

Lucid recently partnered with Uber Technologies (NYSE: UBER) to supply 20,000 vehicles for the tech giant’s robotaxi fleet. This deal is expected to boost Lucid’s sales and enhance its brand visibility. However, Uber’s stock has shown more stability and growth compared to Lucid.

Uber’s stock has climbed 22% in the past year, demonstrating a more positive trajectory than Lucid’s. With a forward earnings multiple of just 14, Uber appears to offer a more solid investment opportunity compared to its EV partner.

Despite a 68% increase in sales, Lucid posted a loss of over $1 billion in the third quarter. Additionally, the company faces potential dilution risks due to continued fundraising efforts with Saudi Arabia’s Public Investment Fund. In contrast, Uber’s strong cash flow and growth prospects make it a more appealing investment option.

Considering the financial challenges faced by Lucid, Uber emerges as a more promising long-term investment. With proven cash flow generation and multiple growth avenues, Uber appears to be a more stable and lucrative choice for investors.

Read more at Yahoo Finance: Forget Lucid Stock. This Is a Much Better Buy.