The Globe and Mail reports in its Thursday, March 30, edition that the agitations from General Motors investors
may be far from over. A Bloomberg dispatch to The Globe reports that while GM
has the Chevrolet Bolt electric vehicle
hitting the market this year
ahead of Tesla's Model 3, the
upstart run by Elon Musk is gaining
on GM in market capitalization.
Over the last three years, Tesla
shares have surged 73 per cent
and GM's slipped 3.5 per cent. At
$45.3-billion (U.S.), Tesla's market cap is
now just $8-billion (U.S.) less than
GM's.
The next industry sales dip will
determine whether GM can find
love from investors, says Wall Street analyst Maryann Keller.
She says, "If GM can sustain profits in a
down cycle, then people will notice."
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