Why Electric Vehicle Stocks Like Lucid and Li Auto Triumphed on Tuesday

Tuesday was a good day to be a shareholder in any one of a number of electric vehicle (EV) stocks. Many rose higher on the day thanks to news of a potential monster rival's apparent delay in entering the market. High-end American EV maker Lucid Group (LCID 7.07%) enjoyed a more than 7% pop in share price, while Chinese peers Li Auto (LI 3.28%) and Xpeng (XPEV 4.07%) rose by a respective 3% and 4%.The Apple Car rollout is apparently delayedThat eventual rival is none other than tech titan Apple (AAPL 0.67%), ...