General Motors (GM +0.65%) once saw electric vehicles (EVs) as the path to growth in the auto industry, but that tune changed this week. Management said they will slow some investment in EVs and focus on lowering costs to be profitable, which may mean more trucks and SUVs produced in the future.
In this video, Travis Hoium covers what we learned and where GM is seeing the most cash flow in 2023.
*Stock prices used were end-of-day prices of Oct. 24, 2023. The video was published on Oct. 25, 2023.
