GM In Top 5 U.S. Auto Coverage & Chinese E.V. Report Delivery Numbers

Morgan Stanley identifies General Motors (GM) as in "Top 5" position among its U.S. auto coverage. Caroline Woods discusses this as Morgan Stanley upgraded General Motors (GM) to overweight from equal weight. The Morgan Stanley analyst note also suggests that GM "may be overearning, but the stock is oversold." Caroline compares GM to other car companies such as Tesla (TSLA). She then talks about how Chinese based E.V. startups report their delivery numbers for April, highlighting Li Auto (LI), XPeng (XPEV), and Nio Inc. (NIO). Tune in to find out more about the stock market today.