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BREAKOUT STOCKS
General Motors vs Tesla
GM NYSE – TSLA NASDAQ
GM Sinks $35 Billion Into Electric
Shares Soar
Up and away these shares are on fire, ready to BREAKOUT above its 52 week high of $64.30 King of the EV’s , GM is making a major long term commitment to electric and ahead of schedule
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Another nail in the Tesla monopoly coffin. . Tesla of course will wiggle out of this debacle morphing into electrifying everything that moves or is inhabitable
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The fight is on . We feel both stocks have considerable future value . Savvy investors must buy GM at current levels , while trying to bottom fish TSLA as it reaches support at $550
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GM
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General Motors Company shares are traded higher after the company announced it will increase its EV and AV investments from 2020 through 2025 to $35 billion, representing a 75% increase from its initial commitment announced prior to the pandemic.
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The company also announced it expects the first-half adjusted EBIT to be between $8.5 billion and $9.5 billion
The No.1 U.S. automaker by volume will build two additional U.S. battery plants and move ahead the timeline on some of its EV investments, as per the report.
The U.S. automaker had in November last year revealed aggressive timelines for ramping up electric vehicle shift, including launching 30 all-electric models globally by 2025. It also said 40% of the company’s U.S. entries will be battery electric vehicles by the end of 2025.
The company had back then raised its electric and autonomous vehicle spending plan to $27 billion through 2025, up from the $20 billion planned before the onset of the COVID-19 pandemic.
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