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GM product refreshes are boosting demand, pricing: CFO [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
GM CFO Paul Jacobson tells Yahoo Finance Executive Editor Brian Sozzi the results show that "pricing has held up very strong across the board." Jacobson credits product refreshes with both creating demand and helping to keep pricing on solid footing. On the topic of EV adoption, Jacobson says it will remain "choppy," though sales are "holding in there pretty well" for GM. Jacobson credits "flexibility" in GM's systems that allows them to do things like produce both EVs and internal combustion engine vehicles on the same production line. EV rival Tesla ( TSLA plans to make an announcement on its robotaxi on August 8th. GM's autonomous vehicle division, Cruise, has recently put its vehicles back on the road in Phoenix after suspending driverless operations due to safety concerns. "Just because we've paused vehicles on the road doesn't mean we've paused investment in the technology," Jacobsen says, noting the company is focused on safety and rebuilding credibility in the space. Fo
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