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General Motors Is in Better Shape Than You Think

GM may not be a leader in EVs, but it's making lots of money and raised guidance, showing that it's on the right track.

By Travis Hoium – Apr 26, 2023 at 3:16PM EST

Investors may not be a fan of General Motors (GM 1.50%) compared to Tesla (TSLA 3.59%), but that doesn't mean the company isn't performing well. This week's earnings report shows just how quickly GM is moving in EVs, and it's generating cash and buying back stock. Travis Hoium digs into the quarter in this video. 

*Stock prices used were end-of-day prices of April 25, 2023. The video was published on April 26, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. 

Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

General Motors Stock Quote
General Motors
NYSE: GM
$75.46
(-1.50%)-$1.15
Tesla Stock Quote
Tesla
NASDAQ: TSLA
$372.11
(-3.59%)-$13.84

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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