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General Motors Company (GM)
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22,770 reactions on $GM conversation
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Yes I like TSLA, but I think both F and GM should have much higher value like TESLA.
GM has $80B while $F $60B but $TSLa over $800B do not make any sense to me.
GM stock closing in on breakout.
Investor Day was a transformative moment for GM, emphasis on growth & diversifying revenue!
- Revenue growth: Doubling annual revenue by 2030 to $280 billion
- Margin expansion: Improving overall margins of 12% to 14%
- Cruise: Robotaxi service can begin next year, potential for $50 billion in annual revenue down the road
- EV: Expects EV annual revenue to reach $10 billion in 2023 to $90 billion by 2030
- Software & Services: Annual revenue from $20 billion to $25 billion by 2030 (includes OnStar Insurance)
- Ultium Battery Platform: Creation & vertical integration of batteries allows for cost & range advantage
- Ultifi Software Platform: Software-defined features, subscriptions, performance upgrades all through OTA
- BrightDrop: Electrified ecosystem of delivery products/services for commercial customers, contracts already for FedEx and Verizon
Citibank this morning says "gained meaningful conviction" in over $100 per share thesis for General Motors.
"Citi analyst Itay Michaeli says General Motors' investor day "accomplished a critical first step towards re-shaping perceptions." GM's 2030 outlook implied $17 of earnings per share with improved free cash flow conversion and a 25% revenue mix from software/new business, Michaeli tells investors in a research note. The analyst has "gained meaningful conviction" in his over $100 per share upside thesis following the event. A sum-of-the-parts approach "leads to an even considerably higher outcome," Michaeli writes."
GM cannot build vehicles without aluminum, and there ain't no more. GM is a two dollar stock. UAW can take a vacation.
Citi $90 PT..
GM's 2030 outlook supports $200 sum-of-the-parts stock price, says Citi Citi analyst Itay Michaeli reiterates a Buy rating on General Motors with a $90 price target following last week's investor day. GM's 2030 target for
in high-margin connected vehicle revenue "could catalyze a re-think" of the broader automaker total addressable market, Michaeli tells investors in a research note. The analyst says that while Cruise's deployment and scaling timetable with a
revenue target "understandably got the most immediate attention," he was "equally intrigued" with the role that Cruise will play in GM's consumer autonomous vehicles. He believes the company's 2030 outlook supports a $200 sum-of-the-parts share price.
Tesla just announced tonight they're delaying their Cybertruck, Semi, and Roadster. Cybertruck volume production in 2023 and the rest "hopefully" in 2023. This means GM's Hummer EV will have a significant early market advantage for a long time, and the Silverado EV which will be revealed in CES 2022 January will entice majority of truck buyers.
"General Motors dazzles analysts with aggressive financial targets, EV plans" -SA
- BANK OF AMERICA: "In our view, the event was constructive, further illustrating GM as an industry leader in what we characterize as the Core to Future transition. With this in mind, we maintain our Buy rating on GM and believe the SOTP story may gain more traction."
- WEDBUSH: "We believe GM's financial targets are achievable and ultimately beatable as the company converts the vast majority of its customer base to EVs over the coming years."
GM's average vehicle transaction price increased by over 20% YoY and inventories at dealerships/OEM's are at record lows, this tells you consumer demand for GM's vehicles are extremely high. Chip Shortage is transitory and GM has strong pricing power. Nearly all American GM plants will be open this week and GM's management on Friday confirmed supply issues is improving going into Q4.
CNBC: "General Motors to detail significant revenue expansion plans during highly anticipated investor day. The growth will be a main focus of the event, which will include detailed targets regarding revenue, profit margins and outlooks on total addressable markets for early expansion businesses. Aside from financial targets, GM executives are expected to discuss the company’s plans to move from a traditional automaker focused on costs to a “platform company” that generates new revenue."
BREAKING: Software Innovator and Workday cofounder Aneel Bhusri Joins General Motors Board of Directors, shares up after-hours on the news.
Credit Suisse just released a bullish note on GM. Says they see a pathway of a valuation in the hundreds of billions for Cruise alone. GM makes compelling case for multiple expansion says Credit Suisse. Gives an outperform rating with a $75 PT.
$1.2 BILLION of the Bolt recall cost falls on the supplier and off GM’s liability…
GM vs TSLA : GM makes billion dollars profit by selling cars, its P/E is 6.26. Tesla earns a little profit by selling the carbon credits (P/E is 410), they survive by issuing shares year after year. (Look at the Ychart or Google TSLA outstanding shares). Tesla investors make money by expecting the next one will pay the higher price. !
Does GM have upside left?
General Motors Co. and General Electric Co.'s renewable-energy business said they have signed a memorandum of understanding to develop a supply chain of rare earth and other materials needed for electric vehicles and renewable power generation.
GM and GE Renewable Energy on Wednesday said they are looking at opportunities to improve supplies of heavy and light rare-earth materials and magnets, copper and electrical steel used for manufacturing electric vehicles and renewable-energy equipment.
EVs Can Turn GM Into a Growth Company, Just Like Tesla -Barrons
GM's latest hyberbole is fueled by this concern, sales are dropping due to chip shortage and will eventually affect the stock price. With all the debt that GM has, its poor reputation as EV player, and a 33% decline in sales, one would have to ask about the timing this Eutopian dream.
I think I’m back in the short today on GM. The fantasy of GM being a software platform lifted the stock and I am glad I closed my short before the run up here into Oct 6. Now What GM is still hiding are Bolt losses from lack of sales, brand damage to Bolt, plant closures, despite $1-2B from LG. Still will be a $4B total recall. And GM is not handling the chop issues as well as Ford or Toyota largely because they use the lowest end cheap sets to boost margins and those are in short supply and GM lacks the technical capabilities to reprogram quickly other sets on mass. See you at 53 soon
GM and F running nicely recently. While GM has had some exciting news over the past week, we are also seeing investors switch from riskier growth stocks into cyclicals and value plays like Ford and GM. The beautiful thing is GM is a traditional cyclical that’s suddenly becoming a huge growth opportunity. The best of both worlds!
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