GM's Electric Vehicle Miss and Why It's a Win for Investors
General Motors (NYSE: GM) isn't going to hit its goal of 1 million electric vehicles (EVs), but that may not be bad for investors. The company makes most of its money selling trucks and SUVs, so EVs hurt the bottom line.
In this video, Travis Hoium shows GM's free-cash-flow trends compared to EV competitors and why going all-in on EVs right now may be a bad move.
*Stock prices used were end-of-day prices of July 17, 2024. The video was published on July 22, 2024.
Source Fool.com
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