GM

OrdinaryReasonable63

I'm doing puts on UNP and GM

LarryStink

Leveraging a good piece of my port on GM puts for earnings, and laddering a second trade for november monthly puts. All auto makers are tanking this earnings.

suddenuser

Considering being reckless on GM puts for earnings since they laid me off. They’ll probably fuck me over again or allow me to not work for the considerable future lol

Joeytheman997

I went full regard boiz. I apologize to nana CALLS: GM, DGX, TMUS, UPS, TXRH & SKX PUT: AAL rest in peace

Accomplished-Bill-45

Service economy isn’t gonna work anymore. And they are the deeper reason that Boeing, GM, Fort, Intel and many other great companies going down, extremely high price of real estate, hospital/medical fees, shady infrastructures, and losing middle class ( leading to the most polarization in centuries ) I use the ATV company I used to work for as example here. It starts with outsourcing assembly, then outsourcing parts. Then, since the U.S. ATV companies no longer participate in the front line factory. 5 years later , the Chinese company ( who originally just doing assembly with our instructions ) start to take over the design as well because U.S. designers can’t compete due to their lack of participation in front line. Later on, all the softwares job outsourced to China . Now, the ATV company in U.S. only has sales departments.

PaperHands_BKbd

I know, and it would be great for GM. I did a lot of research. And I don't think the numbers will be there in the short term. The lithium deposits aren't new, or undiscovered, or worth less than they were during the lithium boom a couple years ago when prices were 700% what they are today. They're just complicated and expensive to mine. * Maybe this project changes that. * Maybe the US responds by having adequate refining and manufacturing domestically to process all the lithium into products so it doesn't have to be shipped overseas anyway. * Maybe that manufacturing is cost competitive to what people find overseas * Maybe no one besides LAC jumps in on any of the other deposits in the US And then maybe [Sodium Ion](https://www.power-technology.com/news/byd-sodium-battery-facility-china/?cf-view) doesn't prove to be useful for anything we currently use lithium for to reduce the need. And nothing else comes along that might displace the primary use for lithium. But full production for Thacker is slated for 2028, and there's a lot that can happen. That's all I'm saying, from my point of view, 2028 was too far out to project, and I think the current excitement will fade for this particular project from the start date until production comes on line. LAC has and will have zero revenue for quite a while.

-___--_-__-____-_-_

The EV projections are highly political. You need to closely watch where GM actually spends their money, not just what they say they will do. For example, all the auto manufacturers walked back their EV statements when the political pressure for EVs backed down in the last 12-24 months.

ThisKarmaLimitSucks

The b-word is the only outcome I see happening here. No way Boeing can become cash flow positive from their current position - changing products in the aerospace and military industries takes too long and the hole they are in is already too deep. I see a GM type situation as the most likely outcome. The government will want to at least hang on to the defense arm, but they will do the restructuring on their terms. Stay the hell away from shares, gentlemen, because they will literally go to 0 in less than two years.

Gainz4thenight

At the dealership I work at we have a 2021 Corolla for 14,000$ with only 45,000 miles. No damage at all mechanical/ cosmetic. And then we have a 2019 Corolla with 90,000k miles with cosmetic damage for 19k. Their prices make no sense at all. On top of that our GM wants to send the 21 Corolla to the auction because he thinks no one is going to buy it. Lots of idiots running things it seems.

Lopoetve

Because they had reservations and it came out finally. That says nothing for sales the following quarter - it’s just a snapshot of the release date. If they stay top for another quarter or two it’s a valid point - everyone who wanted a Mach-E and could afford it at the time (or was ready to buy) has bought one. Now they’re on the regular churn sales. Same as Rivian. I’ll grant that it might continue to outsell the GM twins; those are also slightly odd as a truck design imho (I believe they’re unibody and not body on frame), plus GM and ford are actually competing for the true truck market with their normal consumers and I’m not sure that market is ready yet.

gylez

Bundled with LAC & GM as a lithium play. One of the few areas left to buy low rn, so 🎲

smoochface

Well, I drive the cheapest, slowest Tesla - the standard Model 3. For perspective I've had a Chevy Malibu, Mazda Protege, and a Toyota Prius. I have only good things to say about this car. it's interior is simple, but clean and simple, it feels really solid. The software beats the fuck out of any car I've ever sat in. It's faster and smoother than any car I've ever sat in. People claiming FSD is vaporware are either lying or havn't been in one. FSD drives me to around my city every day and it drove my family pretty much 100% of the way from SF to LA. I think it will need to prove itself somehow before we all trust it to go unsupervised... but let me just say- I think FSD is a better driver than 80% of the people I know, and we all got grandparents who still think they are perfectly fine behind the wheel. I think Elon has gone full super villain, so that fucking sucks, so maybe my next car would be a Ioniq or one of the Kia's but... I test drove all of the EVs (ioniq, ev6, mustangMachE, when I purchased last year, as car's they felt pretty similar, but the software on the Model3 was a tier above. I feel silly saying this cause they cancelled it... but the BOLT wasn't bad at all, felt really strong as the low cost option, like... fuck the Nissan Leaf. GM feels dumb (but maybe I'm biased cause that Chevy Malibu was a piece of fucking garbage).

AmateurInvestments

Roughly 800k electric cars a year when production begins ramping is what GM is expecting. Lithium prices are low but the demand is nowhere near what it will be in 5 years.

Actual_Tax_5119

From sept 2021 to approximately October 2022, JPM held a price target for the stock between 28 and 40. And, until last year, the stock was range bound between $20-$40 GM bought 40% at 625, so the stock should be trading at 7.5 now. The stock is trading at a deep discount.

Actual_Tax_5119

Well GM put in 625mm for 38% of the company. So GM values the company at shy of 2 billion. The gov is about to put in 2.6 at potentially 0% and forgivable, so they’re about to get valued at 2.6 billion basically risk free. So basically the government is giving GM a free lithium extraction facility. Get in. Price target $42 by 2030. Position below https://preview.redd.it/rj5ity65pwvd1.jpeg?width=1179&format=pjpg&auto=webp&s=b27cdbaee971139784c961f5847c750829f67d73

AmateurInvestments

Me personally. I invested because they added outstanding shares devaluing the shares of their current shareholders. GM invested another 650M. That paired with the 2.2-2.8B loan from The government (DOE) that will satisfy the liquidity needs to complete phase one. The ground has been terraformed which is no small feat. In fact it’s a major hurdle. The infrastructure for the workers to live (there are as many workers as people in the city) the waterlines (which was another major concern for the doubling and future doubling of the town) the government has already approved millions in loans to help speed up developers putting up modular homes and building new permanent homes at a significantly faster rate. The mine has a 20 year plan to extract from above the water table. And 20 years under the water table. They also are the only company with a permit to mine in the 1.5 trillion dollar lithium deposit. It’s a multi year process to even get a permit and nobody else there has even started. That is why I chose to get in long before 2027 when the mine will be operational. 30% of extremely detailed engineering for future phases is already complete. Rough engineering for projections already complete.

Acceptable-Heat-3419

The big 3 is only making money on gas vehicles . Which are supposed to be phased out. I don't think this comparison between them and Tesla is the winner you think it is . The Big 2 not 3 ( Stellantis is in deep trouble and could see the old Chrysler brands spun off ) . GM and Ford are scrambling , see the constant layoffs

ThrowRAColdManWinter

Based on what? It is pretty in line with other EV trucks, including Rivian and GM models. Even the Kia EV9 is right around 80k.

Slick-1234

There was also some small bets on GM after that hoping people here would as expected screw up their orders like that too

smoochface

Dude, a 100k vehicle is worth 80k the second it drives off the lot. That said, these were launch vehicles, early adopters pay a fee to be first. Poorly designed windshield wipers, pedals that fall off... that shit is par for the course for a fresh Tesla model. That said, this quarter Tesla sold more EV trucks than Rivian did... and more than Ford + GM together. We keep saying people love the F150 Lightning, everyone who's got a Rivian loves it... I just watched Marques Brownlee bust on the Silverado. Why was Tesla able to get their truck to the top of the EV pile in 1 year? All this shit about the Cybertruck flopping seems like Elon hate. Next few years will bear it out, but the media seems to be at odds with sales data.

Arbiter51x

That's what I am thinking. I Remeber during the bailout, people wouldnt touch GM. Stock doubled pretty quickly after.

bobrefi

More likely GM.

Noonhype45

Regarded CEO, declining sales, and a bigger market cap then GM, Ford, and Toyota out together aren’t enough reasons for you?

billyd1984texas

GM sgock buybacks are still in full effect

PlandomeProwler

LAC Going to run huge today, GM gave them 650 Million, Market cap is only 700 Million they should basically double from here using that math. ITS AMERICAN LITHIUM MINE IN NEVADA ! SUPPORT USA LAC !

Tall_Inspector_3392

Yeah and Tesla stock plunged by 7 percent a few days ago. That percent loss in $ was equivalent to the combined value of GM and Ford. Let that sink in.

Taarushv

Guidance Rev: $26.1-$26.9B (+13% q/q) GM: 57-59% OPM: 46.5-48.5%

JackTroubadour

Yeah GM doles out 635 milly to penny stocks, lul GL with yur big boy ticker....

bardhizi

GM investing like 645M or around there…

nateyp123

I still don’t forgive Vlad for that GM E shit

frumpydrangus

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hookisacrankycrook

OKLO surely there will be some profit taking? Same day the news came out about nuclear LAC also got a deal from GM. Should have bought in a while back and missed both rockets!

Desmater

Not sure who you are talking about. But I have seen US and Europe talking about tariffs on Chinese EVs. Europe I think passed something or will. They are closer to legislation. Saw an article somewhere or Youtube video. I guess people in South East Asia and other countri3s there are a ton of Chinese EVs since they are like $30,000 or less. Also a lot of car companies have operations in Mexico and Canada like Ford, GM, etc. NAFTA I believe allows them some leeway. Plus they could build it there and ship it to US for "Finishing touches" which could work around Tariffs I bet.

baeconundeggz

Partnership with GM. Congrats regard.

callmecrude

Buffett himself has come out numerous times admitting the flaw in his original indicator. It assumes companies only do business in their home country. In ‘80s this was mostly true. Today, the top 100 US companies do nearly half their business outside America. For the Buffett indicator to work as intended you have to normalize the value of the stock market to account for the ever-growing % of business that’s taking place internationally. When you do that, you find we’re well within historical ranges. There’s also the 2 other common criticisms that: 1) the indicator doesn’t take interest rates into account, so obviously it will look skewed when we’re sitting in periods of historically low rates compared to the 6-10%+ rates we saw throughout the ‘70s - 2000’s. 2) the indicator looks solely at top line revenue, which of course will skew it upwards as high margin tech companies dominate the market that was once run by low margin auto and oil companies. People will (rightfully) pay a premium to own Microsoft over GM because the balance sheet, margins, and cash flows are all much healthier.

Fearless_Singer7031

Do you think LAC will increase much more with the deal they just made with GM?

kerrykingzgo-T

Coin flip. GM's investment is larger than LAC current market cap. Mining operations have been moving along positively and thr govt is on board with the company and the mine. Lithium pricing arent favorable right now. EV's seem to have positive sentiment. There's a lot to unpack with the project. It's worth a look in my opinion

kerrykingzgo-T

Well in true regard fashion I sold my $3C yesterday for a near total loss  have some 3.5 left. GM announced a pretty big investment stock is up \~20% this morning. I've been in and out of LAC since 2018. I'm a fan

kerrykingzgo-T

Unfortunately yes  I've got a few 3.5C left. Not sure hiw far they'll go. GM's investment is bigger than LAC current market cap, guess we'll see

that1time-

Here’s a few, USA Army, Navy, Air Force, Tesla, Space-x, GM, Toyota, VW, Mercedes, Meta, Boeing, Rivian, Craftsman, Dewalt, Milwaukee, Philips Amprius, NASA

Fast_Ad_1337

Tesla is all hype. wonder if the gov would bail em out like GM when they bust

SoWhatNoZitiNow

I think the US government won’t come to Boeing’s aid if all it means is we lose a domestic airline manufacturer. I think military interests are a different story, but the comments I was replying to were framing Boeing as some national security interest for their ability to build airliners. Called them the GM of airplane building without a Stellantis to compete with, as if they have no competition in the airliner space.

_EndOfTheLine

No they'll just do what they did to GM, buy them out and siphon anything of value into a new company with the Boeing name and leave the existing shareholders of the old company with nothing.

EatMyUnwashedAss

Tesla is not a shining beacon of either lol. Ford/GM are much better on the labor front.  I would be willing to bet that BYD hourly wage employees have a higher standard of living than Tesla Fremont hourly employees. 

TrickOrange

Ones an ETF, the others a stock. It’s like comparing GM to Tesla.

cigarettesandwhiskey

[The shares were converted to new, basically worthless shares in Motors Liquidation](https://www.usatoday.com/story/money/columnist/krantz/2013/04/30/gm-general-motors-liquidation/2097515/), and new shares were created for GM. Which the old shareholders did not get.

gophergun

GM went bankrupt, resulting in the government buying out the company and transferring its useful assets to a new company by the same name. Any shares remaining were already basically worthless as a result of the bankruptcy, but assuming they diamondhanded to the bottom, they would have owned shares in a now-defunct company called Motors Liquidation Company (formerly General Motors Corporation).

Xelbiuj

Past time for the govt. to do with them like they did with GM. Take it, fix it, sell it at a profit.

4score-7

I mean, if you get high up enough in the Ivory Tower of a Boeing or a JP Morgan, or a GM/Ford, absolute bellwethers of the US economy in an industry, one can fail his/her job way up. You’ll get a rap on the hand, shown the door, and be financially set for generations. Pretty awesome. A real world example: I would like to get hired by Florida State University as their football coach. I’m going to fail, and fail miserably. But, they’ll pay me like $1MM-up to take the job, then fuck up, get fired, and take whatever is left of the contract with me out the door. GOLD. Garnet and gold, to be exact. Fail, but fail big, and don’t commit any easily found crimes while in the seat.

WrastleGuy

Ford took a 5.9 billion govt loan, just not at the bad terms that GM and Chrysler had to take. Ford also needed the bailout for GM and Chrysler because suppliers would have gone under that Ford also used.

RetroGrade11

Ford did not need bail out and did not take the government money. Only GM and Chrysler did.

ToMorrowsEnd

Unlike american Funded car companies like Ford and GM?

4score-7

And what comes next will show they can get away with it. They’re the “GM” of plane building, and no Ford or Chrysler/Stellantis to compete with. “Systemic”.

WrastleGuy

GM, Ford, and Chrysler were all caught with their pants down when the stock market collapsed.  They were given loans based on paths to profitability and paid them back relatively quick. If GM was 50+ billion in debt, going through a worker striker where they stopped communicating with workers, and built extremely important products for the military, they would have been staring down a hostile takeover.

link_dead

Yes because that is exactly what happened at GM.

Which_Asparagus_3152

Looks how many failing projects GM has and will have (especially EV projects) and its stock price going up. Something aren't right lol. THeir suppliers laying off people left and right. Would rsther put more of my investment in RIVN and Tesla.

Invest0rnoob1

GE and GM will probably do decent

getmorebands

And if you see these stocks on the stock market buy them up.. $GE $GM $SEARS $KO $AMERICAN STEEL.

AlwaysBagHolding

Not the same thing, but GM spun off countless companies over the years. If you owned GM stock in the 60’s and never sold, you’d own shares in direct TV of all things.

landon0605

GM already has Brightdrop. They aren't selling many. https://www.cnbc.com/2024/08/29/gm-brightdrop-electric-vans-ev-chevrolet-brand.html Roughly 750 sold through the first half of the year.

LongLiveNES

I have not seen any indication that this company can cut production costs meaningfully. As to the market: the current vehicles are amazing but what leverage are you talking about? At $100k I don't see any leverage. The R2/R3 are way far off and who knows what will be available from Big Auto before then. I drive an Ioniq 5 and it's a fucking amazing vehicle. The Mustang Mach-E - great car. GM, Ford, and Hyundai/Kia will all have lower cost models out before the R2/R3 and that's completely ignoring Tesla (I won't give Elon a dime but any conservative/leaning people now have some incentive/excuse to buy an EV if it's a Tesla). RemindMe! 1 year

Noonhype45

Declining sales, it’s market cap is bigger than Toyota, Ford, and GM combined, it’s down 47% percent from It’s $400+ high from a couple years ago. Tell me regard. What is the bull case? 

ColCrockett

The Democratic Party has been trying to hold Spacex down while propping up the antiquated United Launch Alliance because Elon Musk stopped the UAW from entering TSLA factories. The UAW is a massive democratic donor and a big part of why GM and Chrysler suck (management sucks too of course). The dems basically forced Elon to be a republican.

MotorMinimum5746

If people can't afford their products, and people won't work for them under a certain wage, then capitalism states that eventually they will either a: lower their profit margin by lowering vehicle price, or B: continue to automate. But it's hard to tell what will happen next. Most of us here should be shareholders in GM by default due to the bail out. Capitalism in it's truest form is long gone. But then again, I understand we have to compete in a global economy. The older I get, the more sympathy I lose for these companies that continually make poor business decisions and bloat their companies with middle management, then turn around and fuck the customers and productive employees. Hell, the company I work for and have for a long time is no different. It's a joke. If the first bullet of your company mission statement includes "deliver shareholder value" in any form, your company anymore deserves to fucking fail. Because your CEO and the c-suite probably doesn't even know what your company builds or fixes anymore.

Practical_March2024

GM regards...what are you all shilling ...pretty sure it is what you own ...

thiskillstheredditor

Tesla has had their share of govt support as well. But I’m with you. GM is in no small part responsible for the suburban hell of car dependency that is America.

khakhi_docker

Totally agreed. 1.) Sure, Rivian's cars are nice, but they cost between $75k - 120k. 2.) They domestic competition is other car companies who produce a token EV to meet federal regulations, that they don't really care about. So they can price them... whatever. 3.) On the horizon are cheap, decent quality chinese EVs that are likely going to start being produced in Mexico at scale to avoid the slew of tariffs that have been trying to keep them from the US market. Best bet for Rivian is they get bought by GM, which, given how GM seems to be dragging their feet on their ICE => EV transition, I can't see them paying top dollar to do.

golden_bear_2016

BA could go the way of GM. Shareholders are wiped out and new shares are issued as the company is reconstituted.

Unlucky_Reception_30

Only a quarter of the F150s has a V8, same for GM. The day of the dinosaur is over, my friend. It's turbo sixes now!

YellowFogLights

At least some Saturns shared parts with other GM models so you weren’t totally fucked when they went tits up.

connly33

I’m really hoping they make it because what makes them great vehicles is how far removed they are from the legacy manufacturers. The last thing I’d want to see is VW, GM etc eat them up.

Big-Leadership1001

Judging by past real world examples, those companies might just wait for the bankruptcy to maximize buying only the parts they want and discarding the rest. If they want to keep the name they can rename the new company to the old name so it seems like its still teh same company, thats what GM did

Big-Leadership1001

Stock still zeroes if they bankrupt and it becomes a new company, like happened with GM and Chrysler

Berkmy10

Why has $GM outperformed $STLA by so much?

WickedSensitiveCrew

That hinges on Google having a monopoly on robo taxis. I said in my post investing in Uber is a bet that there will be multiple companies with robotaxis that they become like regular cars such as GM, Ford, Chrysler, etc with intense competition. Waymo is just a small part of Google business that if that happens they have other ways to make money. But in a thread about robotaxis that is something that needs to be considered.

lokey_convo

Realistically they are long overdue to consolidate brands. It's sort of weird that Jeep / Dodge / Chrysler / Ram are all different companies under the same parent company. I know Ram was spun off from Dodge a while ago, and I still don't know what the purpose of that was. They all individually have such limited vehicle line up, but together have a comprehensive line up with minor redundancy. Some combination of the four are generally together at dealers in the US anyway. The only thing keeping them separate does is maintain brand recognition. It is dumb to have a the Dodge Hornet, the Chrysler Airflow, and the Jeep Compass, or the new Charger platform and the Chrysler 300. Why have four separate subsidiaries when you have: Dodge: the economy and performance offerings Chrysler: the luxury and family offerings Jeep: the off road and adventure offerings Ram: the commercial vehicle and utility offerings There's a full vehicle line up for the American market there that can rival GM, Honda, and Toyota and surpasses Ford. Why wouldn't they go for it?

unknownnoname2424

Before GM re-org during financial crisis it lost $500 per car before it was even produced due to fat and high wages for non competitive jobs... Economy has changed. This will bring the share prices up on Monday... Calls on BA

Previous_Reindeer339

GM EV proportion system assembly is being delayed.

Icy_Marionberry_1542

I sort of agree... It was a stupid decision spinning off Ram as its own brand in the first place, and their sales have been lackluster for the past several years - always bested by Ford and GM in the pickup segment. And then Dodge just doesn't have that much going for it - the challenger/charger were slowing in sales, so I don't disagree with scrapping them. But now they effectively have no product (nothing anyone really wants anyway). Then Jeep has its own issues, namely reliability. The electrified platforms are even worse, and I can't imagine they're moving them off lots. But Jeep is still their best brand, and probably the only one that would survive a major collapse. And you (rightly) forgot to mention Chrysler. They have exactly ONE 2024-year model (Pacifica). Pathetic. They need to put the brand out of its misery. I went to a Dodge/Ram/Chrysler dealership a few months ago to pick up a car (not from a Stelantis brand), and on a Saturday afternoon - in a major metro area, not on a holiday, etc - it was a ghost town.

WickedSensitiveCrew

Why do people hate UBER/LYFT so much that Google constantly dominates discussion. Isnt the safer play the platform UBER has. All you need it robotaxi competition. I get Google is one of the most popular stocks in the market. But investing in Waymo assumes no other company makes a robotaxis or that Waymo becomes the dominate company. People wouldn't invest in car companies like GM, F, etc for this same exact reason too much competition.

MisterrTickle

About to resume >On Oct. 2 [2023], a pedestrian in San Francisco hit by another vehicle was thrown into the path of a self-driving Cruise car and dragged 20 feet (6 m). >In the aftermath, California suspended the company's permit for driverless vehicles, and Cruise pulled all its U.S. self-driving vehicles from testing. The unit's then-CEO, Kyle Vogt, and co-founder Dan Kan resigned in November. Followed by a wave of GM ordered cuts to Cruise. 900 jobs/25%. >Cruise’s troubles can be traced to an Oct. 2 crash when a car hit a woman at an intersection in San Francisco and flung her into the path of one of Cruise’s driverless taxis. The Cruise car dragged the woman some 20 feet before pulling to the curb, causing severe injuries. Regulators accused Cruise of omitting footage of its car dragging the woman from a video that it provided to state officials. https://www.nytimes.com/2023/12/14/technology/cruise-layoffs.html

MisterrTickle

Isnt GM gutting it? Mainly due to them covering up that they knocked over a pedestrian and then dragged them along the street. So the regulator is spitting blood.

RegattaTimer

Tesla shouldn’t have had this event. That being said, what they are doing is akin to picking up the entire discard pile in gin rummy, and they have lots of ways to make money. 1. Cars. 2. Charger network. 3. Licensing FSD. 4. Domestic power storage. 5. Commercial power storage. 6. Building robots for industrial application. 7. Robotaxis. Of these 7 things, only 1 is fully built out. Competitors include Waymo and Boston Dynamics. Meanwhile, GM, Stellantis, VW, and maybe Ford are scrambling to figure out what their futures hold. Hence the P/E ratio. Tesla won’t make you money this year, but in 8-10 years…

_Christopher_Crypto

I work for a GMC dealer. They cannot give those things away. GM has started shipping them to dealer unannounced because they apparently don’t know what to do with them either.

The-Jolly-Joker

Yup - funnt enough, I have dsylexia! Didn't even read the content of the post. As far as STLA, it's not even top dog in terms of P/E and other fundamentals last time I checked, along with not being a US company meaning less investments from the big dogs. It's a no from me, dog. Last analysis I came to the conclusion that if I were to own auto stock it'd be GM.

HinaKawaSan

I wish GM did a similar event just to prove anyone can do a event with concept cars

jwrig

Ahh.. the good old appeal to authority here. Waymo engineers say their solution is the best. Tesla engineers say their solution is the best. Comma AI says their solution is the best. Apple's titan was going to be the best. VAG, Mercedes, GM, Baidu, Ford, Oxbotica, Intel, Nvidia, Amazon etc. etc. all claim to have the best tech... Time will tell.

Siks10

I have shares that haven't gone up since 2001. I also owned Citi group, GM, and a few more where I lost more than 90% and never got it back. It will happen to you too

Lumpy_Taste3418

Investing. You are missing the entire concept of investing. You are buying a piece of a business, not a hype machine. If you don't know how to value the business, you aren't investing; you are gambling. Tesla sells at 12 times the price of GM, made about 10% more TTM. Renthouse Analogy: GM Renthouse costs $100,000 made $10,000 last year. Tesla Renthouse costs $1,200,000 made $11,000 last year. Do you know the neighborhood is so much better that the rent growth will be eleven times higher over the next 5 or so years to make the investments about the same? This is the question you must be able to answer to justify the purchase price you are paying. If the rent growth is only four times higher, you are going to have a shitty investment in the Tesla Renthouse. If the rent growth is 20 times higher, the Tesla Renthouse will be the better investment. Knowing that the Tesla Renthouse is in a better neighborhood and will have better rental growth isn't nearly enough information.

m0nk_3y_gw

The market has been valuing 100% EV makers higher than companies dabbling in EVs for years. RIVN is valued at $10B, XPENG is $12B, NIO is $13B.... Ford is at 40B, GM is 60B. TSLA is valued higher than RIVN/etc because they are 100% EV AND they are profitable at it.

SBAPERSON

GM should do crazy pressers for their futuristic Buick concepts.

ShadowLiberal

Tesla is hardly the only one to do that. GM/Cruise and Waymo have both done it, and so have countless others trying to make self driving vehicles. IMO it should illegal under Federal law for them to make vehicles without a steering wheel/etc. until it's been proven and certified by the government to be safe driving anywhere in the US without any human intervention. You're just asking a whole heap of trouble otherwise. It'd be like an airplane company working on anti-gravity boots to replace the parachute deciding that even though their anti-gravity boots don't work yet, they don't need to put parachutes in their planes anymore since the boots kind of work when you're dozens of feet off the ground.

nateyp123

He did still cuk all of us on GM E that one time so it’s still fk vlad

temporary243958

Or you could pay one or two dudes to do the exact same thing, but over the internet. >GM's Cruise, according to a recent [New York Times](https://www.nytimes.com/2023/11/03/technology/cruise-general-motors-self-driving-cars.html) report, has been supported by an enormous staff, with approximately 1.5 workers per robotaxi. The workers, according to sources familiar with the matter, remotely intervened to assist each car's driverless operations once every 2.5 to five miles. 

Dark_Overlord335786

GM 

thiskillstheredditor

Yeah kindof essential given they make 5 cars total. GM makes 30-40 models. Also GM doesn’t take millions of dollars for deposits for cars they promise to produce but never get around to.

Long-Adhesiveness839

Ford and GM have been doing the same thing since the 1950's, it's called a "Concept" car.

grmayshark

Around the same PE as GM, Im with you. They make cars and otherwise bullshit

Worried_Quarter469

U.S. automaker General Motors (NYSE:GM) subsidiary GM Energy on Thursday launched an energy storage product called the PowerBank to rival EV giant Tesla Inc.’s (NASDAQ:TSLA) Powerwall product. 2/3 the price about it looks

Card_Board_Robot_5

They use a "skateboard" platform. They could literally just mock up a thin body on existing architecture. It's prob just a Cybertruck with a body and interior. There's frankly no need to do anything else. To be fair, that's nothing new. It's just ugly and stupid and if it reached production would be made like shit. Maybe that's novel? Oh no wait GM is still alive