This New EV Truck Could Crush Rivian's R1T and Ford's F-150 Lightning

By Travis Hoium – Apr 9, 2024 at 5:40AM

NYSE: GM

General Motors

Market Cap

$52B

Today's Change

(0.44%) $0.20

Current Price

$46.04

Price as of April 29, 2024, 4:00 p.m. ET

GM is entering the EV truck business with a splash.

Electric vehicle sales have struggled in 2024, but that doesn't mean automakers are giving up on the market. General Motors (GM 0.44%) recently announced an electric truck that will cost $95,000 and may be a compelling product even at that lofty price.

In this video, Travis Hoium digs into the announcement and shows why GM may be ahead of Rivian and Ford in electric trucks.

*Stock prices used were end-of-day prices of April 4, 2024. The video was published on April 7, 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.