Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Tesla, Lucid, and Toyota Motors Stocks Raced Higher Today

TheMotleyFool

0 0

Why Tesla, Lucid, and Toyota Motors Stocks Raced Higher Today: https://g.foolcdn.com/editorial/images/787333/3-race-cars-circling-a-track.jpg

Thursday seems a mighty fine day to own automotive stocks, as positive economic data combine with company-specific news to lift shares of Tesla (NASDAQ: TSLA), Lucid Group (NASDAQ: LCID), and Toyota Motor (NYSE: TM) stocks. Through 10:20 a.m. ET, Tesla gained 6.2%, Lucid 3.5%, and Toyota 2.5%.

Economic data started the day's rally, with U.S. retail sales in July up 1% -- three times what economists predicted, with automotive sales contributing 0.6% of that.

And now for company news.

Source Fool.com