📮General Motors Shining🔦

🚗General Motor: A possible Winner in the EV race🚚

Early readers of Pika World would have understood our love for some legacy brands such as General Motor and Ford. Indeed, GM is pretty well poised to be a leading winner and is currently at a valuation of less than a tenth of Tesla. 

📦A Plan Forward🏒

The current CEO, Mary Barra, does have a bold plan. She intends to double GM revenue by 2030 to hit around $300 billion. It covers about $90 billion of EV sales, which dramatically escalates the $10 billion we expect by 2023. The new product, Silverado, will be its all-electric vehicle. 

🗄Are you Convinced?⛳️

While having a plan is the first step, getting investors to buy the story is the next leap. Investors have not given the lofty valuation of GM to that of Tesla partly due to the scepticism on its EV transition path. As a result, there is a lack of conviction by investors that GM will meet the ambitious target. Nonetheless, Pika World believes that discount has already been baked into the stock price. 

💡Bright prospect🏋️

General Motors has a controlling stake in Cruise. It is a company in the field of autonomous driving and has plans to roll out robot taxis in the future. It is worth around $17 billion currently, and GM has spoken about the possibility of getting approximately $50 billion in revenue from Cruise by 2030. 

The future appears to bode well for General Motors. Pika World will be eyeing the stock for entry once again. 

We hope you have enjoyed this read. It is  31 December, Friday, 7.20 am in Singapore and 7.20 pm in New York. 

Pika World thanks every friend for a healthy and prosperous new year ahead!

Cheers,

Pika Nat.