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.

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Source Fool.com