Key Points NIO and Lucid both trade far below their all-time highs. But NIO’s scale, diversification, and moat make it a more compelling turnaround play. 10 stocks we like better than Nio › NIO (NYSE: NIO) and Lucid (NASDAQ: LCID) are both electric vehicle ( EV ) makers that initially soared after their public debuts but fizzled out over the following years. Nio, a Chinese EV maker, went public at $6.26 per ADR in 2018. Its stock closed at a record high of $62.84 on Feb. 9, 2021, but now trades at less than $4. Lucid, based in the U.S., went public by merging with a special purpose acquisition company (SPAC) on July 26, 2021. Its stock opened at a reverse split-adjusted price of $252.40 and set a record post-merger high of $577.
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