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Why Ford, Rivian, and Lucid Stocks Raced Ahead Today

TheMotleyFool

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Why Ford, Rivian, and Lucid Stocks Raced Ahead Today: https://g.foolcdn.com/editorial/images/705196/3-race-cars-circling-a-track.jpg

Car stocks opened higher on Tuesday. As of 11 a.m. ET, shares of automotive giant Ford (NYSE: F) gained 1.8% and smaller electric vehicle upstarts Rivian Automotive (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) rose similar amounts -- 1.9% and 2%, respectively.

Granted, with stock markets glowing green across the board today, it could be that car stocks are just keeping pace with traffic. But on an encouraging note, there appears to be some actual good news for the automotive sector today:

Car sales in Europe are growing again.

Source Fool.com

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