GM shares are zooming with electric buzz. But be wary [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
GM shares are zooming with electric buzz. But be wary A General Motors logo at the General Motors Detroit-Hamtramck Assembly plant in Hamtramck, Mich., on Jan. 27, 2020. Paul Sancya/The Associated Press A General Motors logo at the General Motors Detroit-Hamtramck Assembly plant in Hamtramck, Mich., on Jan. 27, 2020. If you are wondering whether Tesla Inc. still has a stranglehold on investor affection for electric vehicles, check out the recent rise of General Motors Co. (GM-N) GM, the old-guard Detroit-based automaker long associated with gas-guzzling pickup trucks and SUVs, has been on a tear recently: Its shares have risen 34 per cent since the start of 2021, outperforming Tesla – itself no slouch – by nearly 14 percentage points. The rally could be worth pursuing, but you’ll need steady nerves. The reason: GM is now being valued by the market as an electric vehicle (EV) maker, which means that its share price is reflecting an upbeat scenario of soaring EV sales. To be fair, t
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GM
Earnings
- 4/23/24 - Beat
GM
Sec Filings
- 4/25/24 - Form PX14A6G
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- GM's page on the SEC website