Why General Motors Stock Was Turbocharged Today
General Motors (NYSE: GM) was notably outpacing the rest of the pack in the early afternoon on Tuesday. Shares were up more than 5%, while the S&P 500 index was rising less than 2%.
The giant automaker's stock was gaining on the back of a new product announcement, plus a potentially lucrative deal with a massive government customer.
The new product is the electric vehicle (EV) version of its Chevrolet Blazer midsize SUV. GM said the 2024 Chevrolet Blazer EV, as the first models will be known, is slated to hit the market next summer.
Source Fool.com
