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Tesla may be more valuable, but GM has been the better-performing stock by a mile in 2024.
Tesla (TSLA 14.22%) is down in 2024, but not all auto stocks are feeling the same pain. General Motors (GM 0.07%) is supposed to be the one struggling, but it's outperforming Tesla by 58.6% in 2024 alone.
In this video, Travis Hoium goes over why Tesla is down so much and who is beating Tesla in 2024.
*Stock prices used were end-of-day prices of April 1, 2024. The video was published on April 2, 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.
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