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

There is nearly no change for the General Motors Corp stock today. Compared to yesterday it only changed by €0.015.
Currently there is a rather positive sentiment for General Motors Corp with 37 Buy predictions and 7 Sell predictions.
With a target price of 48 € there is a slightly positive potential of 18.14% for General Motors Corp compared to the current price of 40.63 €.

Like: 0

Share