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Best EV Stock 2024: Nio Stock vs. Lucid Stock

By Parkev Tatevosian, CFA – Dec 28, 2023 at 4:32PM EST

Nio and Lucid are ramping up their production and delivery of electric vehicles in 2024.

Fool.com contributor Parkev Tatevosian compares Nio (NIO +4.53%) and Lucid (LCID 0.71%) to determine which is the better EV stock to buy for 2024.

*Stock prices used were the afternoon prices of Dec. 26, 2023. The video was published on Dec. 28, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Nio Stock Quote

Nio

NYSE: NIO
$4.85 (+0.05%) $+0.21
Lucid Group Stock Quote

Lucid Group

NASDAQ: LCID
$11.25 (0.01%) $0.08

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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