General Motors (GM) Struggling To Find Success With EVs?

"General Motors (GM) revenue growth is estimates 20% in 2022 and 3.7% in 2023. I predict the adjusted EPS of $6.70 in 2022 and $6.50 in 2023. CFRA Research has a hold rating on the GM stock based on likely pressure on volumes and margins in the near term. The planned shift to all electric-vehicle fleet seems risky as General Motors has struggles to find success with EVs," says Garrett Nelson. "General Motors has an excellent earnings report potential due to the healthy North American unit. Operating in demand-pull model means only producing to meet demand and always at least break even," adds David Whiston.

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24 Oct 2022

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