Reported about 1 month ago
General Motors (GM) is nearing profitability in its electric vehicle (EV) segment, highlighting a significant achievement as traditional automakers attempt to penetrate a market where Tesla (TSLA) currently holds dominance. Analyst Stephen Gengaro notes that while GM's advancements are notable, Tesla and other brands like Rivian continue to lead the EV sector, suggesting that GM's progress might not heavily influence Tesla's position in the coming years.
Source: YAHOO