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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: