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Why General Motors Stock Just Put the Pedal to the Metal

TheMotleyFool

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Why General Motors Stock Just Put the Pedal to the Metal: https://g.foolcdn.com/editorial/images/695678/black-ford-f-150-is-ford.jpg

General Motors (NYSE: GM) stock stomped on the accelerator on Wednesday, up by 4.1% as of 1:50 p.m. ET.

Any number of factors could be contributing to the jump in share price, such as a lower-than-expected inflation report this morning (8.5%, hooray!), or continued enthusiasm over the Senate's recent passage of the electric-vehicle-friendly Inflation Reduction Act of 2022. If you ask me, though, the most likely reason the stock is motoring ahead today is the news that just came out of Ford Motor Company (NYSE: F).

Specifically, Ford's decision to raise prices on its F-150 Lightning electric pickup.

Source Fool.com

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