GM stock value has seen some impressive upward momentum over the last few weeks, topping out with a high of $55.14 today, as of this writing.
Last week, GM stock value peaked at $51.87 per share on Thursday, a record for the “new GM.” GM stock value slipped the following Friday to close out at $49.97. However, the closing value of $49.97 represents an increase of $6.91 per share, or roughly 16 percent, compared to the previous week’s closing value of $43.06.
Much of the upward momentum is attributed to General Motors’ renewed all-electric vehicle efforts and autonomous vehicle (AV) technology development. During the recent Consumer Electronics Show (CES) tech conference, GM unveiled a host of concepts and EV-centric business plans, while also reiterating its commitment to developing cutting-edge EV and AV products.
Cadillac Personal Autonomous Vehicle
Chief among these was a pair of AV concepts for Cadillac, including the Cadillac Personal Autonomous Vehicle, a robotic taxi similar to the Cruise Origin, but with a greater focus on personal luxury, and the Cadillac Vertical Take-Off and Landing Vehicle (VTOL), a single-passenger, self-flying helicopter. Cadillac also teased the up-and-coming flagship Celestiq, a hand-built all-electric sedan dripping with features and futuristic styling.
BrightDrop EV600
During CES, General Motors also unveiled BrightDrop, a new business venture focused on last-mile delivery solutions, software, and services. BrightDrop will initially offer an electrically assisted pallet called the EP1, which will feature a 200-pound capacity and adjustable speed up to 3 mph. Following the EP1 will be an electrically powered commercial van called the EV600, which will feature GM’s Ultium battery and drive motors tech, and cover 250 miles between plugs.
Updated GM corporate logo
General Motors has also spotlighted its latest EV and AV efforts with a new corporate logo and a new marketing campaign. The automaker previously announced $27 billion in investments for AVs and EVs through 2025, with plans to launch 30 new all-electric vehicles globally by 2025. Two-thirds of those 30 new EVs will be sold in North America.
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Comments
Not one reply here?
The Bright Drop news was well received. This could really be a big deal for GM.
Because so many of the commenters only complain about GM and refuse to acknowledge any positive. In this case they’re speechless and thus the crickets.
I suspect as they start rolling out the EVs and actual performance information becomes available including range, stock value will really start to increase.
If the news is good for GM, the few barbarians here will not approve and keep silent, especially when Mary Barra’s vision is showing positive results.
There are some who cannot accept the fact that GM is thriving under a woman CEO.
If the GM batteries are as good as they say they are, this should go over big.
Since the election, oil prices have started to slowly head upward. If this tread continues, the stock price will head south as large SUV and truck sales fall. GM has very little to sustain them while they transition from ICE vehicles to EV’s. Most people remember $4 a gallon gas and what it did to resale values. Throw in the new green deal with rising oil prices and profits will evaporate. Plus, who will spend $80,000 to $100,000 on a vehicle politicians are waging a war against and demonizing folks for driving. I love my current Suburban and I can’t imagine driving anything else but I won’t throw money away either.
Dick, GM is working all angles and they have smaller efficient vehicles, EV and even mid size trucks that get good MPG.
For these reasons the stock is doing well. Many companies are struggling just to develop some new product while GM is doing two entire ranges of ICE ands EV to cover about any need.
It has been a long time since the Suburban was selling in the highest number it used to produce. While still profitable it is far from the profit center it used to be. Most people by now realize they really don’t want or need such a large vehicle and have opted for the smaller models that easily fit their needs.
If you have need or want of a Suburban that is your right but even with gas prices up the general trucks still sell well.
Ill jump in here a little.
Sure the GM stock price is up, and I think it will continue to do well !
As others here have said, GM is well diversified in its offerings today.
Where I do NOT agree, is that the future promises of GM are driving this.
I think the new partnerships GM have formed are driving most of this.
Like working with Microsoft !
Like working with Google !
Like working with the tech-r-s on the screens\infotainment/ HMI stuff !
You see, in my opinion, the GM of old is STILL the new GM.
Sure Mary is the leader, and I feel that is a good thing.
Where I feel GM is the same is the operations, and that is the downfall of the new GM to break out !
Remember, GM is STILL just PROMISING, and NOT DELIVERING ANYTHING !!!
Do we have a GM EV on the road that the masses WANT ?
Not yet we don’t !!!
Sure the ” new ” Bolt will be released, but its still the same old GM in that it is just the ” old ” Bolt yet different !
Will the Hummer do anything ?
Some people will own a $112,000.00 Hummer, yet not the masses !
Will the Lyriq do anything ?
Some people will own the $70,000.00 or should I say $90,000.00 Lyriq by the time you add the standard options offered by the competition.
This is STILL just GM yet now being able to promise and not deliver something new !
Sure the delivery EV van is big news, as now the customer is NOT the public, yet a tax deduction for a business.
However correct me if I am wrong, but wasn’t GM getting out of the cheap margin fleet business ?
Now by jumping back in with an EV makes this better some how ?
It will STILL be the competition, and what they offer for the price !
Will the investor STILL invest in GM on a promise when ever other manufacturer is doing the EXACT SAME THING !!
This is STILL where GM FAILS !!! GM STILL fails at direct head to head competition.
Sure GM is better at some things, yet worse at others.
But to think that GM will LEAD at this EV thing when and IF there is a market, is STILL just a promise, by the same OLD GM !
MOST of the GM Kool-Aid drinkers here, had this SAME thing to say of Tesla ! Most of you reading this know YOU said the SAME thing I am saying now of GM !
You ALL said Elon was promising things he could not deliver, and Tesla stock showed it.
GM stock shows it.
I do however believe the GM stock WILL continue to go up, IF GM can keep a steady flow of information to the public with dates and deliver on those dates !
However I feel GM will NEVER be Tesla, Tesla is a movement !
GM is a automobile manufacturer !
And I feel it will be well into 2025by the time we see any massive shift !
I truly do wish it would be sooner, but we STILL have some of the OLD WEALTHY WHITE MEN, and now even some YOUNGER, NOT SO WEALTHY (yet) WHITE MEN, applying the brake in our government !
And until the USA gets its head out of its @$$ we will continue to stagnate !
As far as oil prices and large vehicles go.
Until the GOP is finally rid of the ” we will sell you some arms for cheap oil prices ” deals made in the middle east. this longer term political gas price cycle will continue.
EVs will however help with leverage, as when the world no longer needs that oil, the price leverage is less !
Can you old GOP people here tell me why gas prices rise in the DEM admins ?
Ha, Ha, that was a joke !
Yet again, STILL just hurting Americans, not just the DEMS !
America is right back where it was in the last GOP admin, huge gas guzzling rigs to get groceries in !
And as the gas prices go up, the foreign countries just cash the checks, as Americans just continue to send their money away !
full size p/u and suvs are gms profit makers to invest in bevs the price of fuel will be on the rise and the higher they go the more ice sales will fall and the time all the bevs will be ready for sale is when and I am not talking about low volume overpriced ones.