Can GM Succeed in EVs?

By Travis Hoium – Jul 24, 2023 at 7:30AM

NYSE: GM

General Motors

Market Cap

$52B

Today's Change

(-0.24%) -$0.11

Current Price

$45.76

Price as of May 17, 2024, 4:00 p.m. ET

GM's EV dreams are big, but they aren't paying off yet.

General Motors (GM -0.24%) is spending billions of dollars to build out electric vehicle capacity and has hopes for a profitable EV business soon. But those plans aren't reality yet, and Travis Hoium goes over some of the challenges in this video.

*Stock prices used were the end-of-day prices of July 18, 2023. The video was published on July 19, 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.