Tesla is a better EV stock option compared to Lucid due to profitability and production

From Nasdaq: 2024-12-24 07:30:00

The electric vehicle market faces uncertainty with potential federal EV tax credit cancellations and consumer preference for hybrids. Lucid reported widening losses of $992 million in Q3, with production falling to 1,805 vehicles. Tesla remains a dominant force, with Q3 sales up to $25.1 billion and plans for a lower-cost EV. Tesla’s profitability and production lead make it a better stock option over Lucid, which is struggling with losses and production rates. For investors looking for the best stocks, Lucid wasn’t recommended, but Tesla remains a solid choice for potential growth.



Read more at Nasdaq: Better Electric Vehicle (EV) Stock: Lucid vs. Tesla