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EV Stock Showdown: Is XPeng the Top Pick Over Lucid and Nio?

by Crypto Hobby

Updated August 04, 2025

XPeng, Lucid, and Nio electric cars in motion. — Electric cars

The electric vehicle (EV) market faces significant headwinds, including macroeconomic challenges, tariffs, and intense competition. Despite these pressures, some EV manufacturers are showing resilience, driven by strong execution and innovative strategies. This analysis compares three prominent EV stocks – Lucid Group (LCID), Nio (NIO), and XPeng (XPEV) – to determine which Wall Street analysts favor most.

Navigating the EV Landscape

Despite a challenging environment, analysts remain optimistic about select EV companies due to their technological advancements and solid performance. Factors like the end of federal tax credits in the U.S. add to the pressure. However, superior technology, effective execution, and growth potential are key drivers for analyst confidence in certain players.

Lucid Group (LCID): A Mixed Outlook

Lucid Group has seen a recent surge, partly due to a significant deal with Uber Technologies, which plans to deploy up to 20,000 Lucid vehicles equipped with Nuro Driver technology. Uber will also invest $300 million in Lucid. Additionally, Lucid vehicles will gain access to Tesla's Supercharger network. Despite these positive developments, Lucid's stock is down year-to-date, with concerns about production and delivery targets. Softer demand for its luxury EVs, amid rising interest rates, is a key concern.

Analyst Sentiment: Wall Street holds a consensus "Hold" rating for LCID, with an average price target suggesting a 32% upside.
Upcoming Earnings: Lucid is expected to report a narrower loss per share for Q2 2025, with revenue projected to increase by 30% year-over-year.

Nio (NIO): Gaining Momentum

Nio's stock has experienced a notable rally, driven by optimism surrounding its new Onvo L90 SUV and resilient deliveries in the competitive Chinese market. The company reported a 2.5% year-over-year increase in July deliveries.

Key Growth Driver: The Onvo L90 SUV, priced competitively against the Tesla Model Y, is expected to significantly boost Nio's top line.
Analyst View: While one analyst upgraded Nio to "Buy" citing the L90's value proposition, the overall Wall Street consensus remains a "Hold," with a slight downside indicated by the average price target.

XPeng (XPEV): Wall Street's Favorite

XPeng has demonstrated impressive year-to-date stock performance, fueled by stellar delivery numbers. The company has consistently surpassed 30,000 units in monthly deliveries for nine consecutive months, with Q2 deliveries showing a 242% year-over-year growth.

Growth Catalysts: Expansion into Europe and the launch of new models like the G6 and G9 SUVs are driving demand.
Analyst Confidence: Goldman Sachs recently upgraded XPeng to "Buy," citing improved cost structures and strategic product launches. The stock holds a "Moderate Buy" consensus rating from Wall Street, with analysts anticipating a significant upside potential.

Conclusion

While Lucid and Nio are navigating a complex market with mixed analyst sentiment, XPeng stands out as Wall Street's preferred pick among these three EV stocks. Its strong delivery growth, product innovation, and solid execution in a competitive landscape underpin the bullish outlook.