Why General Motors' Stock Is Falling While Tesla's Is Rising Today
Shares of General Motors (NYSE: GM) were falling on Wednesday, after Goldman Sachs' new auto analyst said that the company is not particularly well positioned for growth after the coronavirus pandemic fades.
As of 2:35 p.m. EDT on Wednesday, GM's shares were down about 5.2% from Tuesday's closing price.
Goldman Sachs has a new auto analyst, and he has strong views about the future of the U.S. auto industry. Mark Delaney, who previously followed semiconductor stocks for the bank, initiated coverage of GM with a rating of hold in a note that took a broad look at the state of play in U.S. autos.
Source Fool.com
