Why GM (Not Tesla) Is the Hottest Auto Stock Today

By Travis Hoium – Jan 30, 2024 at 6:32PM

NYSE: GM

General Motors

Market Cap

$52B

Today's Change

(0.48%) $0.22

Current Price

$45.84

Price as of April 26, 2024, 4:00 p.m. ET

Predictions of GM's demise have been greatly exaggerated.

General Motors (GM 0.48%) announced earnings before the market opened on Tuesday and the results were much better than most investors expected. Not only were revenue and free cash flow strong, the company gave strong guidance for 2024, including a big increase in earnings per share after recent share buybacks.

In this video, Travis Hoium covers the results and shows why this is the hottest auto stock right now.

*Stock prices used were end-of-day prices of Jan. 30, 2024. The video was published on Jan. 30, 2024.

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.