$Lucid Group (LCID.US)$ and $Rivian Automotive (RIVN.US)$ ar...

$Lucid Group (LCID.US)$ and $Rivian Automotive (RIVN.US)$ are two high-profile EV stocks that went public in 2021. They are often lumped together in the same conversation due to their high valuations. Both companies are worth over $55 billion despite delivering their first vehicles in the fourth quarter of 2021. Lucid and Rivian have each received a great deal of praise for their technology, with Lucid winning the MotorTrend 2022 Car of the Year award and Rivian taking home MotorTrend's 2022 Truck of the Year award.

Yet Lucid continues to break away from Rivian not just as a company, but as a stock too. The market has completely reevaluated Rivian compared to its competitors, as its share price tanked 38% in the first three weeks of 2022 while Lucid stock fell less than 1%