Thursday appears to be a favorable day for investing in automotive stocks, as upbeat economic information and individual company developments boost stock prices. Tesla ( TSLA 6.34% ) , Lucid Group ( LCID 1.92% ) , and Toyota Motor ( TM 2.70% ) In the stock market, as of 10:20 a.m. Eastern Time, Tesla’s stock rose by 6.2%, Lucid’s by 3.5%, and Toyota’s by 2.5%.
The day’s rally was initiated by positive economic data, as U.S. retail sales in July exceeded economists’ predictions by threefold, showing a 1% increase. car sales Making a contribution of 0.6% of the total amount.
Now let’s move on to the latest updates about the company.
The Cybertruck emerges victorious.
To begin with Tesla, the Cybertruck priced at $111,000 was reported by Kelley Blue Book to have become the top-selling vehicle in the $100,000 and above price range. an electric car In America last month, Kelley Blue Book reported that strong sales of the Cybertruck played a key role in increasing Tesla’s average selling price after a decline. ASP ).
In July, Tesla’s average selling price increased by 11% compared to the previous year, reaching its highest point since February 2023. According to Kelley Blue Book, the success of Cybertruck is not the only factor driving this growth. The average selling prices of Model Y increased by 5% since January 2024, while Model 3 prices went up by 30%.
Lucid criticizes Tesla.
Tesla investors have posted remarkable figures, but they are not the only ones celebrating. Recall the previous month, Lucid boasted In 2025, Lucid Air Pure EV is being promoted as the most sustainable vehicle due to its high efficiency, providing an EPA-estimated range of 420 miles. Lucid continues to emphasize this point.
Last week, Lucid CEO Peter Rawlinson shared on LinkedIn that Lucid has a significant efficiency advantage over Tesla. Rawlinson mentioned that based on Tesla’s past efficiency improvements, it will take some time for Tesla to match Lucid’s efficiency levels. 2032 .
Toyota has expressed its opinion.
Finally, we have Toyota. While Tesla and Lucid compete closely in the fast lane, Toyota is making a move by focusing on differentiating itself from the leading EV manufacturers. hybrid Toyota’s Chairman Akio Toyoda believes that electric vehicles will reach a maximum market share of 30% globally. With the remaining 70% seen as a significant opportunity, Toyota is gradually transitioning its cars to be “hybrid-only” by updating each model.
Time — the price of Toyota’s shares — will determine if that is the correct method.
