Electric vehicles are likely to remain a key investment theme through 2022. However, as competition in the industry intensifies, investors need to be increasingly selective in choosing EV stocks. Lucid Group (NASDAQ:LCID) stock is one stock that deserves a place in the portfolio. The LCID stock price is up 8.83% so far in 2022.
Last year was significantly volatile for LCID stock. From a euphoric rise prior to the SPAC business combination announcement to a sharp decline below $20 levels.
However, the current rally in LCID stock is non-speculative. As customer deliveries begin, the uptrend is likely to be driven by fundamental news.
Find out more about Lucid Group stock here
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