Why General Motors Stock Jumped Again Today
General Motors (NYSE: GM) shocked the electric cars market this week when it made an electrifying prediction:
By 2030, GM intends to double its annual revenue from $140 billion today to roughly $280 billion, and grow its operating profit margin on that revenue to a range of 12% to 14% as it expands its business from "just" building cars to offering autonomous driving and car-charging services as well.
GM stock jumped nearly 5% yesterday on the news -- and it's jumping again today, up 3.8% as of 12:55 p.m. EDT.
Source Fool.com
