Why Uber Stock Looks Better Than Lucid Stock Despite EV Growth

Lucid Group's stock has plunged 41% in the last year despite strong growth in vehicle deliveries and revenue. However, its partner Uber Technologies' stock has risen 22% in the same period and trades at a more attractive valuation of 14 times expected forward earnings. Uber's business model generates cash and is in the early stages of benefiting from the evolution of self-driving technology. Investors should consider buying Uber stock instead of Lucid.