(C) Reuters. Workhorse vs. Lordstown Motors: Which Electric Vehicle Stock is a Better Buy?
Workhorse Group (WKHS) and Lordstown Motors (RIDE) are two electric vehicle (EV) stocks that have experienced significant selloffs in 2021. Investors might be considering adding one of these EV stocks to their portfolios at these cheaper prices but which is currently a better buy?.The electric vehicle (EV) industry has been on a wild ride in the past year. The Global X Autonomous & Electric Vehicles ETF (DRIV) is up more than 120% in the past year. Year-to-date it’s up more than 15%.
However, Workhorse Group (WKHS) and Lordstown Motors (RIDE), two EV players focusing on electric commercial fleets in the U.S., have experienced significant losses YTD.
Now could be a time to scoop up shares in these stocks at a cheaper price. So today we’re going to analyze which stock is a better buy.
Workhorse vs. Lordstown Motors: Which Electric Vehicle Stock is a Better Buy?
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