Why Tesla, Lucid, and Toyota Motors Stocks Raced Higher Today
TSLATesla(TSLA) The Motley Fool·2024-08-15 23:14

Auto sales roar, Cybertruck sales soar, and three car companies debate which of them is best.Thursday seems a mighty fine day to own automotive stocks, as positive economic data combine with company-specific news to lift shares of Tesla (TSLA 6.60%), Lucid Group (LCID 2.40%), and Toyota Motor (TM 2.77%) 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 automo ...