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Year-to-date (YTD), the EV industry as a whole, is outperforming the market, as evidenced by the Global X Autonomous & Electric Vehicles ETF (DRIV) 27.6% gains, compared to SPDR S&P 500 Trust ETF (SPY) 25.9% returns over the same period.
Today, I’ll analyze and compare two EV stocks: Lucid Group, Inc. (LCID) and Fisker Inc. (FSR). Lucid Group is headquartered in Newark, California, produces and sells electric vehicles, EV powertrains, and battery systems in the U.S. Shares of LCID are up about 276% year-to-date. Founded in 2016, Fisker, Inc also engaged in the development and marketing of EVs in the U.S. Shares of FSR have returned 27.7% year-to-date.
