3 EV Stocks in Focus After Lucid's Big Breakout

Core Insights - Lucid Group Inc (NASDAQ:LCID) shares surged by 38.8% to $3.18 following the announcement of a $300 million investment from Uber Technologies (UBER) for a robotaxi deal [1] - Uber will acquire and deploy over 20,000 Lucid Gravity SUVs with autonomous vehicle capabilities over a six-year period starting in 2026 [1] Group 1: Lucid Group Inc (LCID) - LCID is experiencing its best single-day percentage gain since January 2023, trading at its highest level since February, with a 32.3% increase over the past three months, but still has a 16.8% year-over-year deficit [3] - Options activity for LCID is significantly high, with overall volume running at 16 times typical levels, and the most popular option being the July 3.50 call [6] Group 2: Other EV Companies - Nio Inc (NYSE:NIO) shares rose by 6.9% to $4.39, marking its highest level since March, but it has seen a 14.6% decline over the last nine months [4] - Xpeng Inc (NYSE:XPEV) shares increased by 2.3% to $18.34, with a 55.3% gain for 2024 and an impressive 113.4% year-over-year gain, supported by the 160-day moving average [5] - NIO and LCID are also seeing increased options activity, with NIO's weekly 7/25 5-strike call leading the way [6]