Why General Motors Stock Is Trading Higher Today

Shares of General Motors (NYSE: GM) were trading higher on Wednesday. Investors are optimistic that a Democrat-controlled Senate could pave the way for new incentives for U.S. buyers of electric vehicles, in which GM is investing heavily.

Separately, GM executives said in a press conference on Wednesday that the company plans to share details of its upcoming electric vehicles at the virtual CES trade show next week.

As of 2 p.m. EST, GM's shares were up about 4.8% from Tuesday's closing price.

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Source Fool.com