Electric Vehicle Stocks: Lucid, Nio, or Neither?

Lucid and Nio are two electric vehicle (EV) makers experiencing growth, with Lucid's deliveries hitting 15,841 vehicles for 2025, a 55% gain over the prior year, and Nio's deliveries soaring thanks to new sub-brands. Lucid has production, delivery, and top-line momentum, but is losing money and has a significant accumulated deficit, while Nio's gross profit margins have been improving despite a price war in China's domestic EV market. Both companies face challenges on the road to profitability.