How General Motors Will Beat Tesla on Electric Vehicles: Profits
General Motors (NYSE: GM) is developing an all-new platform for battery-electric vehicles that will lower costs enough to make them solidly profitable, CEO Mary Barra told Wall Street analysts in a presentation last week.
The new platform will underpin a series of vehicles that GM will begin introducing in 2021, she said.
The news wasn't entirely a surprise. GM confirmed last month that it plans to launch at least 20 new all-electric vehicles by 2023. But Barra's presentation, to a group of Wall Street analysts at a conference hosted by Barclays, shared much more detail on those plans.
Source: Fool.com
General Motors Corp Stock
€40.63
0.040%
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 €.
