Is General Motors a Buy?
Is General Motors a Buy?
General Motors launched an advert over the latest Super Bowl announcing that Netflix would be featuring GM cars in some of its latest films. GM’s stated aim is that it wants to sell a million EVs per year in North America and China. It intends to invest $35 billion globally in EVs and AVs through 2025. So, will this electric vehicle ambition pay off?
From a seasonal perspective, there is one stand-out time of the year that you need to know about. Between now and the end of March, GM stock has a period of weakness. However, from the end of September through to year-end GM stock has a strong seasonal pattern.
Major Trade Risks: The major risk here is if GM is unable to gain a major market share of the EV market.
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