Wall Street finally rewards GM's electric-vehicle surge - Business Insider

Meanwhile, Tesla's mega-epic 2020 rally has stretched into 2021. While GM closes in on a $70-billion market cap, Tesla has moved north of $800 billion. Globally, GM should have sold something like seven million vehicles in 2020, with 2.5 million of those in the US alone. Tesla sold about 500,000, total.

Tesla, on the other hand, doesn't have to worry about this problem. In 2020, it manufactured roughly 510,000 cars and sold almost all of them in the calendar year , with about 10,000 deliveries sliding into 2021. Tesla could follow a historic 2020 with a monumental 2021 by raising money, rolling out more vehicles, and expanding into China

If you take a dispassionate look at this state of affairs, GM's objectives and recent stock rally don't portend what one might think they do, namely competition. There is no competition in the EV world. Tesla stands alone as the main success story, and thus far established automakers have been entering the market rather cautiously, while various startups aren't yet selling vehicles.

We are battling climate change and scaling down on oil and gas use so this is great news for the planet.

Yup, nothing at all...

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM Earnings Beat Wall Street EstimatesThe nation’s largest auto maker said it expects profits to climb this year despite ongoing supply-chain disruptions and a sharp rise in the price of raw materials. nice GM is on the leading edge of the auto industry moving into the 21st electric Century! Yeah, at the expense of their dealerships. Ask anyone who owns or works at a dealership how they are doing. Once again, let's only pay attention to what the stockholders make. Top heavy economy isn't a healthy economy. Keep feeding that bubble, I'm sure it will never burst.🙄
Source: WSJ - 🏆 98. / 63 Read more »

Meet u/DeepFuckingValue, the GameStop investor upending Wall Street - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. MEME WARS! game set match? checkmate? wellplayed/? How are things with the capitol now?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Reddit-driven GameStop mania is a populist movement disrupting Wall Street - Business InsiderThe GameStop mania driven by Reddit traders isn't simple market trolling. It's a populist movement threatening to disrupt the financial system to a degree Occupy Wall Street only dreamed of. wallstreetsbets What would you suggest about the Fed? Spot on. good
Source: BusinessInsider - 🏆 729. / 51 Read more »

GameStop trading frenzy builds on Occupy Wall Street - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. This time we want ALL the tendies. someone didn't get their Cut... $$$ Fake news
Source: BusinessInsider - 🏆 729. / 51 Read more »