GM's $600 Million Robotaxi Problem
General Motors (NYSE: GM) said it would write down the Cruise Origin vehicle and shift strategies at Cruise to utilize the next-generation Bolt EUV. The market didn't like the news, nor did Cruise's co-founder and former CEO. Travis Hoium covers why this move and the $600 million write-off that came with it may have been the best option for GM.
*Stock prices used were end-of-day prices of July 24, 2024. The video was published on July 25, 2024.
Source Fool.com
General Motors Corp Stock
€41.62
2.900%
Currently there is a rather positive sentiment for General Motors Corp with 37 Buy predictions and 9 Sell predictions.
With a target price of 49 € there is a slightly positive potential of 17.75% for General Motors Corp compared to the current price of 41.62 €.