UAW strike really makes big auto stocks dead money

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Why even bother doing the fundamental analysis on big auto stocks? It's just not worth it at the moment.

Don't be sidetracked by the relative discounts of auto stocks vs. the S&P 500, however. The automaker stocks have value trap written all over them for one super simple thesis.

General Motors is losing a great deal on EVs, too. That comes as the company is losing gazillions of dollars on its tinkering with autonomous vehicles via its Cruise business.

 

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