GM stock value set a new record Wednesday following a keynote speech delivered by GM CEO Mary Barra in conjunction with the 2022 Consumer Electronics Show (CES). GM stock value hit a high of $67.21 per share before closing the day at $62.74 per share.
Today’s record high follows another record all-time high set yesterday, when GM stock value hit $65.98 per share following the release of the GM Q4 2021 U.S. Sales Results, which included higher-than-expected U.S. auto sales and optimism for the 2022 calendar year regarding the ongoing global microchip shortage.
Barra’s keynote speech for CES 2022 highlighted General Motors’ efforts in the fields of electric vehicle technology and autonomous vehicle technology.
“Visionary investments made over the past decade in electrification, software-enabled services, and autonomous driving have enabled GM to transform from automaker to platform innovator, one with the vision, the people, and the technology to change the world,” Barra said during her CES 2022 keynote speech.
General Motors also took the opportunity to debut numerous production and concept vehicles, including highlights like the 2024 Chevy Silverado EV, an all-electric version of the automaker’s popular pickup truck offering upwards of 400 miles per range and both fleet and retail iterations. GM also revealed the new Cadillac InnerSpace design study, a fully autonomous personal EV luxury coupe showcasing the latest in GM styling and technology concepts.
The recent rise in GM stock value in conjunction with GM debuts at CES 2022 echoes a similar performance last year, at which time GM stock value hit an all-time high following a series of debuts at CES 2021. Highlights from the 2021 show included the launch of BrightDrop, a new business venture focused on creating an ecosystem of electric first-to-last-mile products, software, and services, as well as the BrightDrop EV600, an all-electric light commercial vehicle. GM also debuted the luxury-laden, self-driving Cadillac Personal Autonomous Vehicle concept.