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.
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.
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.
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.