Motley Fool
Why Ford, Rivian, and Lucid Stocks Raced Ahead Today
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. According to the latest report from the European Automobile Manufacturers’ Association, new passenger car registrations in the European Union rose 9.6% year over year in September.