The value of GM stock decreased during the week of December 19th to December 23rd, 2022, compared to the stock’s closing value the week prior. Shares closed the week at $33.83 per share, representing a decrease of $2.32 per share, or 6.42 percent compared to the previous week’s closing value of $36.15.
Movement And Range
Date | Open | Close/Last | High | Low | |
---|---|---|---|---|---|
12/23/2022 | $33.81 | $33.83 | $33.88 | $33.18 | |
12/22/2022 | $35.17 | $33.53 | $35.18 | $33.28 | |
12/21/2022 | $35.72 | $35.90 | $36.04 | $35.47 | |
12/20/2022 | $35.26 | $35.20 | $35.59 | $34.78 | |
12/19/2022 | $36.28 | $35.42 | $36.40 | $35.36 |
By comparison, shares of GM’s crosstown rival, Ford Motor Company, fell 6.27 percent, or $0.76 per share, during the same timeframe.
GM Stock Factors
GM stock value dropped four the fourth consecutive week, after six-percent, four-percent and one-percent losses over three previous weeks.
Factors affecting GM stock value this week include the release of a major recall affecting 825,000 vehicles in the United States and Canada, which are equipped with faulty daytime running lights that don’t deactivate when the headlamps are turned on, violating a Federal Motor Vehicle Safety Standard. Another recall was released concerning the Chevy Bolt EV, whose seat belt pretensioners could ignite the vehicle’s carpeting in the event of a collision. In addition, the NHTSA decided to open a safety probe regarding GM’s Cruise AVs after reports that some driverless cars exhibited erratic behaviors that caused blocked traffic and minor fender-benders.
On a more positive note, the fully electric Buick Electra E5 crossover debuted in China, the Tri-Shield brand’s first Ultium-based product, and it will eventually be offered in North America as well, although dealerships will likely have to invest at least $300,000 dollars to sell and service Buick EVs, or accept a buyout offer from GM. And as promised, the automaker has ramped up production of the GMC Hummer EV Pickup and the Cadillac Lyriq through October.
GM Stock Value Macro Factors – Strategy
General Motors continues to drive towards the mass adoption of all-electric vehicles, laying out its ambitious global future growth strategy over the summer and reaffirming its commitment to deploying zero-emission and autonomous technologies around the world. GM also previously announced several major investments, including a massive $7 billion for its Michigan-based production facilities that includes $4 billion to convert the Orion Township plant for production of the new Chevy Silverado EV and Sierra EV, $2.5 billion for a third Ultium Cells battery plant, and a further $500 million to support production of the next-generation Chevy Traverse and Buick Enclave. The $7 billion investment is the largest single investment in GM history, and prompted responses from the White House, among other groups. GM is now shooting for EV production capacity greater than 1 million units.
A $45M investment at its Bedford Castings Operations in Indiana for the production of EV components was announced in November 2022. GM previously announced a $491M investment at its Marion, Indiana Metal Center for EV component production. GM also announced a fourth Ultium Cells battery plant and a third EV truck plant, plus a $760 million investment for its Toledo Propulsion plant to produce EV drive units.
In December, U.S. Department of Energy finalized a $2.5B loan for Ultium Cells LLC to facilitate the construction of new battery manufacturing plants. In addition, the State of Michigan approved the construction of Lear Corporation’s new production facility to supply GM with battery disconnect units set for use in future GM EVs.
During the automaker’s investor presentation in November of 2022, GM President Mark Reuss laid out GM’s future product plans, including the launch of the next-generation Chevy Equinox and next-generation GMC Terrain, the launch of the redesigned Chevy Traverse, GMC Acadia and Buick Enclave crossovers, two new upcoming Corvette variants, the Ultium-based Buick Electra E5 and Electra E4 electric crossovers, and the eventual arrival of the Buick Envista in North America.
The automaker has stated that it is now holding 170,000 reservations for the new Chevy Silverado EV. GM is currently no longer taking reservations for the GMC Hummer EV, topping out at 90,000, nor is the automaker taking reservations for the 2024 Chevy Blazer EV following the fulfillment of its reservation target.
Back in November of 2021, the automaker hosted the grand opening of its new GM Factory Zero production facility in Michigan, GM’s first dedicated all-electric vehicle assembly plant. The first product to roll off the line was the 2022 GMC Hummer EV Pickup. GM CEO Mary Barra rang the NYSE opening bell from the factory floor the morning of the plant’s opening, and President Biden visited for a tour, driving the new Hummer. GM stock value rose to $65 per share following the opening.
During the most recent GM Investor Day event, the automaker also said its EV business would be “solidly profitable” in 2025, that BrightDrop would reach $1B in revenue in 2023, and that its digital retailing platform for EV sales would save the company $2,000 per vehicle. It also expects to double its revenue by 2030 through new software platforms and connectivity, while adding 50 new in-vehicle digital services by 2026, creating a wealth of new potential revenue streams. GM will also generate revenue by rolling out new software such as the Future Roads data platform and enhanced subscription services, while expanding OnStar Insurance service to all 50 states.
To help ramp up EV production, agreements were announced regarding electric and hydrogen energy sources, as GM will collaborate with Nel ASA on affordable hydrogen production while a long-term deal was inked with Vale for supplying the nickel needed for manufacturing battery packs. GM previously announced a joint venture with POSCO Chemical to process materials for the automaker’s Ultium batteries. GM is also exploring the possibility of manufacturing EVs in Egypt, while increasing its investment into the GM Lake Orion Plant from $160 million to a whopping $1.3 billion for expanded EV production. Production at GM’s joint venture Ultium battery factory in Ohio is now under way, while construction of the factory in Lansing has also started, as is construction of its third plant in Spring Hill, Tennessee. GM Defense is also set to provide the Department of Defense with GM Ultium battery technology.
Back in 2020, GM CEO Mary Barra shared the company’s plan to launch a total of 30 new electric vehicles globally by 2025, with a total investment of $7 billion. To put that in perspective, 40 percent of GM’s offerings will be fully electric by the end of 2025, compared to just three percent in 2021. GM CEO Mary Barra has also stated that General Motors could catch up to Tesla in EV sales by 2025, while announcing plans to build 40,000 new charging stations throughout North America. What’s more, GM has made a commitment to phase out fossil fuel vehicles by 2040, and, per the GM 2021 Sustainability Report, the automaker states that it used more than 17 million pounds of recycled plastic in the manufacturing of its vehicles in 2021. GM hopes to support EV adoption by building a new network of charging stations across the U.S.
GM has also announced that it will buy out dealers that do not wish to support EV sales, including Cadillac dealers and Buick dealers.
With regard to EV and AV investments, GM has earmarked a total of $35 billion between now and 2025. GM’s Cruise autonomous vehicle brand is expected to rake in $50 billion over the coming years, with the finalization of autonomous vehicle rules from the NHTSA paving the way for GM to launch a fleet of new self-driving ride-share vehicles. Cruise division is now seeking to test the fully autonomous Cruise Origin without a steering wheel or pedals on the streets of San Francisco. SoftBank previously announced a further $1.35 billion investment in GM’s Cruise AV arm. The Cruise AV division reported a $500 million loss for Q2 of 2022.
With regard to its private passenger vehicle semi-autonomous products, GM doubled the size of its current Super Cruise road network, and the company’s full-size SUVs including the Chevy Tahoe and the Chevy Suburban were the first models built with the updated Super Cruise software. Units equipped with driver assist system already on the road will receive an over-the-air update.
To promote the pivot towards EVs, Buick has introduced a new logo and brand identity as it transitions to an all-electric portfolio by 2030. Buick has also revealed the new Buick Wildcat EV Concept vehicle as a preview for its upcoming EV design language.
Although investors are eager to see GM pivot to EVs, some groups are frustrated by the automaker’s progress. Investment banking company Morgan Stanley previously dropped its price target from $75 to $55, sending GM stock tumbling in February. A Citigroup analyst also lowered his GM stock price target to $87 per share, while German multinational investment bank Deutsche Bank has downgraded its stock rating from Buy to Hold. That said, some investors are coming around, with GM CEO Paul Jacobson purchasing 35,000 shares of GM stock in April, much more than was required by his executive position, and Cathie Wood’s Arc Invest Firm also purchasing shares after Wood criticized GM’s move towards EVs. GM President Mark Reuss has also stated that GM has learned from past mistakes with regard to bringing electric vehicles to market. GM previously made the announcement that the company will reinstate quarterly cash dividend payments to shareholders following the suspension of the practice in 2020. GM also recently issued $2.5 billion in new senior unsecured notes.
Beyond GM’s EV and AV efforts, GM CEO Mary Barra recently indicated that GM was ready to return to the European market.
GM Stock Value Macro Factors – Sales
GM’s Q3 2022 sales figures were released in early October, which were highlighted by a sales increase of 24 percent to 555,580 units, with all four of GM’s U.S. brands seeing a sales increase.
GM sales figures for Q2 of 2022 decreased by 15 percent to 582,269 units, with sales falling at all four U.S. GM brands. However, GM Executive Vice President and President, North America, Steve Carlisle, indicated in a statement that the company’s “long-term momentum will continue to build thanks to the launches of groundbreaking new EVs like the GMC Hummer EV and Cadillac Lyriq, and the tremendous customer response to the Chevrolet Silverado and GMC Sierra.” Also during the second quarter, GM’s new CarBravo used vehicle shopping service opened for business.
GM sales figures for Q1 of 2022 fell 20 percent to 512,846 units, with all four U.S. brands seeing a dip. GM expected continuing disruptions to the global supply chain will affect inventory going forward, as seen in the automaker’s Q2 2022 results, but offered tempered optimism that 2022 will outperform 2021 in terms of production, especially towards the latter half of the year. GM China sales figures were down 21 percent in Q1 of 2022 to 613,400.
Fourth-quarter 2021 sales figures were headlined by a 43-percent sales decrease in the U.S., down to 440,745 units. Sales at all four GM U.S. brands decreased, with GM saying that it focused on delivering as many high-demand, capacity-constrained products as possible in the face of record-low inventory resulting from the microchip shortage.
GM stock value was up to a record $65.98 per share following the release of GM’s Q4 2021 sales report, rising on the news of better-than-expected sales numbers and optimism regarding improvements in the global microchip shortage.
GM Q2 2022 Global Deliveries
* Vehicle deliveries in thousandsQ2 2022 / Q2 2021 | Q2 2022 | Q2 2021 | YTD 2022 / YTD 2021 | YTD 2022 | YTD 2021 | |
---|---|---|---|---|---|---|
Global Deliveries | -19% | 1,421 | 1,757 | -19% | 2,848 | 3,502 |
North America | +14% | 687 | 601 | -16% | 1,288 | 1,540 |
- U.S.A | +13% | 582 | 513 | -18% | 1,095 | 1,330 |
Asia/Pacific, Middle East and Africa | -15% | 627 | 736 | -22% | 1,362 | 1,755 |
- China | -21% | 484 | 613 | -28% | 1,097 | 1,531 |
South America | +19% | 107 | 90 | -4% | 197 | 205 |
- Brazil | +32% | 66 | 50 | -7% | 116 | 125 |
GM Q2 2022 Earnings Summary
Q2 2022 | Q2 2021 | Q2 2022 - Q2 2021 | % CHANGE Q2 2022 / Q2 2021 | |
---|---|---|---|---|
GAAP METRICS | ||||
NET REVENUE | $35,759 | $34,167 | $+1,592.0 | +4.7% |
NET INCOME ATTRIBUTED TO STOCKHOLDERS | $1,692 | $2,836 | $-1,144.0 | -40.3% |
NET INCOME MARGIN | 4.7% | 8.3% | -3.6% | N/A |
EARNINGS PER SHARE (EPS) DILUTED | $1.14 | $1.90 | $-0.76 | -40% |
NON GAAP METRICS | ||||
EBIT-ADJUSTED | $2,343 | $4,117 | $-1,774.0 | -43.1% |
EBIT-ADJUSTED MARGIN | 6.6% | 12.0% | -5.4% | N/A |
ADJUSTED AUTOMOTIVE FREE CASH FLOW | $1,407 | $2,478 | -$1,071 | -43.2% |
EPS DILUTED - ADJUSTED1 | $1.14 | $1.97 | $-0.8 | -42.1% |
DIVISIONAL RESULTS | ||||
GM NORTH AMERICA EBIT-ADJUSTED | $2,299 | $2,894 | $-595.0 | -20.6% |
- GM NORTH AMERICA EBIT-ADJUSTED MARGIN | 8.0% | 10.4% | -2.4% | N/A |
GM INTERNATIONAL EBIT-ADJUSTED | $209 | $15 | $+194.0 | - |
GM CHINA EQUITY INCOME | -$87 | $276 | $-363.0 | -131.5% |
CRUISE EBIT-ADJUSTED | -$543 | -$332 | $-211.0 | -63.6% |
GM FINANCIAL EBT-ADJUSTED | $1,106 | $1,581 | $-475.0 | -30% |
GM Stock Value Macro Factors – Earnings
GM’s Q3 2022 financial results were highlighted by a record $41.9 billion in revenue and EBIT-adjusted of $4.3 billion, with GM reaffirming its full-year earnings guidance. Analysts, however, are expecting a significant decline in profits next year in the wake of a projected weakening in consumer demand.
GM’s Q2 2022 earnings results were highlighted by $1.7 billion in income on $35.8 billion in revenue. Compared to the second quarter of 2021, these results represent a 40-percent downturn in income and 4.7-percent upturn in revenue. GM cited “higher corporate expenses primarily due to year-over-year market-to-market changes,” forecasting full-year net income of $9.6 billion to $11.2 billion, and EBIT-adjusted between $13.0 billion and $15.0 billion.
Previously, GM’s Q1 2022 earnings report was headlined by $2.2 billion in income on $36 billion in revenue, a 33.3-percent drop in income and 10.8-percent growth in revenue compared to the first quarter of 2021. The automaker cited strong product demand as an influencing factor, in addition to good results from GM’s captive finance arm, GM Financial. GM reaffirmed its forecast of $9.4 billion to $10.8 billion in net income and EBIT-adjusted between $13 billion and $15 billion.
GM Q4 2021 earnings were marked by $1.7 billion in income on $33.5 billion in revenue. Compared to Q4 of 2020, the figures represent a 38.8 percent decrease in income and 10.5 percent decline in revenue. Factors influencing the figures included strong demand for full-size SUVs and pickups, and strong performance from GM’s captive finance arm, GM Financial. GM forecasted $9.4 billion to $10.8 billion in net income and EBIT-adjusted between $13 billion and $15 billion.
GM Q4 2021 Earnings Summary
Q4 2021 | Q4 2020 | Q4 2021 - Q4 2020 | % CHANGE Q4 2021 / Q4 2020 | |
---|---|---|---|---|
GM FINANCIAL EBT-ADJUSTED | $1,180 | $1,039 | $+141.0 | +13.6% |
GAAP METRICS | ||||
REVENUE | $33,584 | $37,518 | $-3,934.0 | -10.5% |
NET INCOME | $1,741 | $2,846 | $-1,105.0 | -38.8% |
EARNINGS PER SHARE (EPS) DILUTED | $1.16 | $1.93 | $-0.77 | -39.9% |
NON GAAP METRICS | ||||
EBIT-ADJUSTED | $2,839 | $3,712 | $-873.0 | -23.5% |
EBIT-ADJUSTED MARGIN | 8.5% | 9.9% | -1.4% | 11.3% |
AUTOMOTIVE OPERATING CASH FLOW | $9,384 | $5,243 | $4,141 | +79% |
ADJUSTED AUTOMOTIVE FREE CASH FLOW | $6,403 | $3,433 | $2,970 | +86.5% |
EPS DILUTED - ADJUSTED1 | $1.35 | $1.93 | $-0.6 | -30.1% |
DIVISIONAL RESULTS | ||||
GM NORTH AMERICA EBIT-ADJUSTED | $2,165 | $2,612 | $-447.0 | -17.1% |
- GM NORTH AMERICA EBIT-ADJUSTED MARGIN | 8.1% | 8.7% | -0.6% | N/A |
GM INTERNATIONAL EBIT-ADJUSTED | $275 | $283 | $-8.0 | -2.8% |
- CHINA EQUITY INCOME | $244 | $248 | $-4.0 | -1.6% |
- Figures in millions of USD, except for per share amounts and percentages.
GM Stock Value Macro Factors – Products
GM is now pivoting to all-electric power, recently debuting several important EV models, including the 2024 Chevy Equinox EV, the 2024 GMC Sierra EV Denali Edition 1, the 2024 Chevy Blazer EV, and the Cadillac Celestiq. However, the automaker still has a wealth of ICE-powered vehicles on offer, recently unveiling the all-new 2023 Chevy Colorado, the 2023 Chevy Tahoe RST Performance Edition, the refreshed 2024 Chevy Silverado HD, the 2024 Chevy Trax crossover, the 2024 GMC Sierra HD, and the all-new 2023 GMC Canyon.
GM stock value was on the rise early in January 2022 with the introduction of several new GM EVs in conjunction with the 2022 Consumer Electronics Show, highlighted by the 2024 Chevy Silverado EV. GM stock value rose to a record high of $67.21 per share following a keynote speech delivered by GM CEO Mary Barra. Following the event, Barra indicated that reservations for the Silverado EV RST First Edition were filled in just 12 minutes. Other announcements at CES 2022 included the Chevy Equinox EV and Cadillac InnerSpace AV concept.
Further critical debuts early in 2022 included the new 2023 Cadillac Escalade-V, a high-performance version of the iconic luxury SUV with a supercharged V8 engine, while previously, General Motors unveiled several new concepts at the 2021 SEMA Show in Las Vegas, including the Chevy Beast off-roading concept, the all-electric Chevy Project X, and the Silverado High Country Midnight concept.
Late in 2021, GM debuted the fully refreshed 2022 GMC Sierra 1500, which includes two new trim levels, new styling, the latest technology features, and more. GM also recently unveiled the new Chevrolet Performance ZZ632 crate engine, as well as the new 2023 Chevy Corvette Z06 sports car.
GM is now offering the BrightDrop Zevo 600 all-electric light commercial vehicle, formerly known as the BrightDrop EV600. The new van is the fastest-developed vehicle in GM history. The Zevo 600 will be joined by the smaller BrightDrop Zevo 400. Merchant Fleet recently placed an order for 5,400 units of the new Zevo 400, previously known as the BrightDrop EV410. Full-scale production of the BrightDrop vans is underway now at the GM CAMI plant in Canada. BrightDrop has also announced that it has expanded its business to Canada.
On the software front, GM debuted its new Ultifi end-to-end software platform, designed to provide the latest upgrades and features to future GM vehicles via over-the-air updates.
The start of production for the new Cadillac Lyriq EV was recently celebrated at the GM Spring Hill plant in Tennessee, coinciding with the announcement that the facility will also accommodate the production of additional EV models. What’s more, GM announced the new Ultra Cruise autonomous driving system, which promises true “door-to-door hands-free driving” capabilities in 95 percent of all driving scenarios, with plans to eventually make the system available on every paved road in the U.S. and Canada.
GM Stock Value Macro Factors – Events
One of the factors affecting GM stock value is the ongoing conflict in Ukraine, with GM extending its business suspension in Russia. GM will also donated $250,000 towards refugee relocation efforts. In other international news, GM has established a new import business in China, and has failed to sell the GM Talegaon plant in India.
The ongoing global microchip shortage is also affecting GM stock value by impacting production, vehicle supply, and pricing, with production pauses for the Chevy Bolt EV and Bolt EUV, as well as a production pause for the Chevy Camaro, Cadillac CT4, and Cadillac CT5. However, it also looks like GM is turning a corner on production issues, recently clearing out 20,000 unfinished vehicles and addressing missing features for the GMC Acadia and Chevy Colorado. GM has also announced that it has cleared out three-quarters of its vehicle backlog.
Nevertheless, a previous analysis predicts that the shortage may end up costing the global auto industry upwards of $210 billion in lost revenue, almost twice what was originally forecast. General Motors president Mark Reuss has indicated that he expects the microchip supply to stabilize at a lower level than desired for full recovery. General Motors is also currently gearing up to make significant changes to its supply chain in the hopes of avoiding future shortages. That includes the development of new microcontrollers, with GM CEO Mary Barra stating GM is expected to launch its own line of chips by 2025.
In January, the Biden Administration pushed Congress to pass a $52 billion microchip production bill aimed at alleviating the ongoing shortage.
Looking ahead, strong demand for new cars is expected to continue in 2022, while new vehicle incentives are down to a five-year low amid low inventory. General Motors CEO Mary Barra has indicated that there are no plans to return GM inventory to pre-pandemic levels, making GM leaner and more efficient.
In labor news, a dispute in the railroad industry threatens to have substantial impacts on the U.S. economy. The latest is that the U.S. Senate has passed legislation that will impose an agreement settled in September, despite the majority of rail workers voting against its adoption.
GM Stock Value Micro Factors
The General previously announced that LG Electronics Inc. has agreed to cover $1.9 billion of the $2 billion in costs associated with the replacement of the recalled Chevy Bolt EV and Chevy Bolt EUV battery packs. General Motors has also announced a new battery software update for the recalled Chevy Bolt EV and EUV. However, a lawsuit against the automaker was filed regarding the recall.
GM previously announced that it will replace the battery modules on roughly 50,000 units of the 2017 though 2019 Chevy Bolt EV affected by a potential fire risk. The automaker later decided to extend the battery replacement on all model years of the Bolt EV, in addition to the all-new Bolt EUV. Despite the fault laying with battery producer LG Energy Solution, GM CEO Mary Barra announced that GM will continue its relationship with LG going forward.
The National Highway Traffic Administration (NHTSA) recently closed its investigation into the recent Chevy Bolt and Bolt EUV fires, while Chevy Bolt production has since restarted.
In other legal news, GM was hit with a new lawsuit regarding its eight-speed automatic transmission, as well as a lawsuit regarding the sale of vehicles equipped with faulty airbags. Certain examples of the 2022 Chevy Colorado and 2022 GMC Canyon mid-size pickups were recalled for an issue related to improperly welded seat frames, while no recall will be issued for alleged Chevy Equinox and GMC Terrain steering issues following the conclusion of an investigation by the NHTSA. GM was also hit with a $102 million verdict in a lawsuit concerning its 5.3L V8 engine. Additionally, a Chevy Bolt EV class action battery lawsuit was allowed to continue. In November 2022, The General announced a recall regarding noncompliant daytime running lights in its full-size SUVs, affecting a total of 338,735 units in the United States alone. Finally, more than 95,000 GM vehicles were recently recalled for faulty rearview cameras.
In political news, President Biden has signed the CHIPS And Science Act into law, providing funding for domestic chips manufacturing and new technology development. Investments also include $5 billion for the nationwide EV charging network with sweeping EV charging infrastructure approval from the Biden Administration. What’s more, several GM EVs will be eligible for tax credits under the Inflation Reduction Act, although a recent report indicates GM won’t be eligible for the full EV tax credit. In further political news, California can once again set its own emissions guidelines, while the Biden administration is urging automakers to ensure that their vehicle lineups consist of at least 40 percent EVs by 2030. California has also finalized plans to ban the sale of new ICE-powered vehicles by 2035. Meanwhile, Biden has signed an executive order calling for an end to the purchase of fossil fuel fleet vehicles by 2035.
Critically, a recent report indicates that battery prices have risen for the first time in a decade during 2022.
The greater auto industry, including the UAW workers union and major manufacturers like General Motors, have called on President Biden to roll out tax credits and incentives to drive EV sales. The latest is that the Biden Administration plans to roll out a $100 billion plan for new EV rebates.
GM stock value fell late last year following the announcement that Dan Ammann was stepping down as CEO of the GM-backed autonomous vehicle startup Cruise. Ammann’s departure was the second high-profile executive shakeup in a week, following the departure of GM innovation head Pam Fletcher. More recently, GM appointed Ashish Kohli as the new VP of Investor Relations. In October, Arden Hoffman was named as GM’s new senior vice president and chief people officer, while ex-Tesla executive Jonathan McNeill has joined the GM Board of Directors.
GM stock value increased considerably over the course of 2021, only to later rescind some of those gains and fall below the $50-per-share mark. GM stock value was back on the rise later in the year, however, hovering around the $55- to $60-per-share mark in December before breaking into record highs in January and peaking at $67.21 following CES 2022. In February, GM stock value fell back around the $50-per-share mark, dipping below the mark later in the month to open at $46 per share in March. GM stock value was on a downward trend through the summer, falling under the $40-per-share mark to open just over $30 per share in July and August, while rising towards the $40-per-share mark in September. GM stock value opened at $32.46 in October and just under $40-per-share in November at $39.35, rising to just over $40.00 per share in December.
Month | Opening Value |
---|---|
January 3rd | $59.87 |
February 1st | $52.85 |
March 1st | $46.02 |
April 1st | $44.16 |
May 2nd | $37.67 |
June 1st | $39.01 |
July 1st | $31.28 |
August 1st | $36.06 |
September 1st | $37.81 |
October 3rd | $32.46 |
November 1st | $39.35 |
December 1st | $40.77 |
We’ll continue to stay on top of all the latest developments related to GM stock, so be sure to subscribe to GM Authority for ongoing GM stock news and complete GM news coverage.
Comments
Mr. Market is spooked about the reduced range of EV’s in cold weather. Ford is shocked ( no pun intended ), about user’s experiences with their F150 Lightenings in cold weather.
Elon Musk is also spooking the market with his grandstanding and crazy promulgation.