General Motors Is in Better Shape Than You Think

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

NYSE: GM

General Motors

Market Cap

$52B

Today's Change

(4.37%) $1.89

Current Price

$45.10

Price as of April 23, 2024, 4:00 p.m. ET

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.

Investors may not be a fan of General Motors (GM 4.37%) compared to Tesla (TSLA 1.85%), 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.

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.