Better EV Stock: Nikola Corporation vs. Lucid Group

Nikola (NKLA 5.30%) and Lucid (LCID 0.53%) both disappointed investors in similar ways after their public debuts. Both electric vehicle (EV) makers went public by merging with special purpose acquisition companies (SPACs), attracted a stampede of bulls with their optimistic production forecasts, then drove them away by missing those estimates by a mile and racking up steep losses in a deteriorating macro environment.Both companies also initially dazzled the bulls with their ambitious plans. Nikola tried to ...