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EV stocks rocket in a rage: good buy or goodbye?
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EV race towards Wall Street

Across the globe, the popularity of EV (electric vehicles) is overwhelming as the Eco Moment gains momentum. As car lovers, consumers will be having a field day attributed by the fierce competitions among several EV manufacturers such as $Tesla(TSLA.US)$, $NIO Inc(NIO.US)$,  $Rivian Automotive(RIVN.US)$, $Ford Motor(F.US)$ $XPeng(XPEV.US)$
These EV companies have soared high in their valuations of shares' prices lately. Obviously, as investors our ultimate goals are to "have a good buy" and not to  say a "goodbye".
In order to attain our goals we may have to compare the empirical history of automakers like giant $Tesla(TSLA.US)$ and $Lucid Group(LCID.US)$
There are two things that $Tesla(TSLA.US)$ and $Lucid Group(LCID.US)$ have in common. One is that they are both reigning Tittians and two, is that Peter Rawlinson, CEO of Lucid Motors was once an executive of Tesla and has helped to engineer the Tesla Model S.  Therefore, by engineering Lucid Air sedan, Peter Rawlinson is directly  posing a challenge to Tesla's superiority. Moreover, Lucid Motors has achieved its goal of "making the best car in the
world" when The Air was accorded the coveted award of "Motor Trends Car of the Year". Lucid has also plans of targeting its exports to China and The Middle East which sounds promising.
Lucid has a range of 520 miles which is more than Tesla's range of 405 miles.
Doubtless to say many people have considered Tesla as the leader in the EV evolution, as it is an iconic household name. However, of late there are factors that work against Tesla's image. They are:-
Recently CEO, Musk Elon has been
offloading big chunks of Tesla's shares.
Musk Elon's decision has not caused a
major picnic in the reckless selling of Tesla's shares yet. Nevertheless, it still poses a volatile market.
On 18th November, Tesla has recalled
7,6000 vehicles in the US, because of certain risks to safety issues caused by the driver's airbags cushions. Will this
issue cause a negative impact to its EV sales? Only time can tell.
Regardless of which EV shares we have in mind, we can envision a trend of EV race in Wall Street in the near future.
Perhaps we may focus on one of the EV companies as a promising long term investment.
Moving forward, as investors we will have to monitor the trading market very closely, and hone on our trading skills in order to make timely, shrewd choices.

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