GM Stock Value Reaches All-Time High At $65.988
GM stock value reached an all-time high today, topping out at $65.98, as of this writing. The jump in GM stock value is attributed to higher-than-expected U.S. auto sales for Q4 of 2021, as well as optimism for sales in 2022 as supplies of critical microchips continue to improve.
GM U.S. auto deliveries for Q4 of 2021 were reported at 440,745 units, a decrease of 43 percent compared to Q4 the year prior. Total sales for the 2021 calendar year are estimated at 2.2 million units, down 13 percent. The decline is attributed primarily to the global microchip shortage, which has deeply impacted GM’s production and feature availability.
Meanwhile, dealer inventories jumped 55 percent to 199,662 units by the end of 2021, as compared to 128,757 units at the end of Q3. General Motors expects economic growth and increasing microchip availability to shore up U.S. auto sales in the coming year.
GM stock value previously hit an all-time high last November following the opening of the automaker’s new Factory Zero plant in Michigan, reaching $65.07 per share. The GM Factory Zero plant, previously known as Detroit-Hamtramck, is General Motors’ first dedicated all-electric production facility, opening in November following $2.2 billion in investments, the largest single investment into a production facility in GM’s history.
To celebrate the opening of the GM Factory Zero facility, GM CEO Mary Barra rang the NYSE opening bell from the factory floor, while President Joe Biden took a tour of the facility later that day. Factory Zero will produce new GM all-electric vehicles at scale, including the GMC Hummer EV Pickup and SUV, the Cruise Origin autonomous ridesharing vehicle, and the upcoming Chevy Silverado EV.
General Motors is poised to debut the new Chevy Silverado EV pickup truck tomorrow in conjunction with the Consumer Electronics Show. Based on the BT1 dedicated body-on-frame all-electric architecture, the new Silverado electric pickup will feature GM’s Ultium battery and Ultium drive technologies, with range-per-charge expected between 300 and 400 miles, depending on the model and powertrain.
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Exactly as I predicted with both gm and apple 2022 will be a good year for me on the road to $200. And congratulations to apple on achieving the first us company to ever be worth 3 trillion dollars.
way to go mary!!!! keep up the good work!!!!
Rockin. This will really please our resident savant, Donavan, aka, Donnie Boy. Wonder if he will unload some of his position at this high point and then come back in after a downward adjustment? Life is good!
In other news:
“Toyota Beats GM in U.S. Sales; GM Had Led Every Year Since 1931”
hope GM learned its lesson and have supplies,also i see TOYOTA sold over 600000 camary and corollas ,a market GM Ford and Chrysler gave up on ,i guess sales is not important to them. but most first time buyers buy cars then stay with that company
Why would anyone come back from Toyota? The reliability? The higher resale value?
I’ve had a pretty great overall experience with my Chevy Sonic. The main problem with lowercase gm is that they don’t understand the value of the entry level vehicle and they keep abandoning those models… Stick with one name and run for decades… That how you build a reputation, resale value, and gain new customers. Unfortunately, Mary “BEV blunder” Barra failed to see the real value in low profit, entry level vehicles like the Cruze and Sonic. Instead, choosing not serve the customer, but make record profits for herself and the bourgeoisie stock holders.
so GM has lost its lead ,americans love there japanese cars,wait til the chinese send theirs, it will be a sad day for the USA