General Motors Hits the Brakes on Self-Driving Car. What Else Is Going on With GM Stock Today?

General Motors (NYSE:GM) stock rose overnight after it beat estimates, raised guidance, and paused work on the Cruise Origin robotaxi, which doesn’t have a steering wheel. However, after the markets opened, the stock tanked 2.5% and is still falling as of this writing.GM reported net income of $2.9 billion, $3.06 per share diluted and adjusted, on revenue of almost $49 billion. It guided a full-year net income of $10 billion to $11.4 billion, earnings of $8.93 to $9.93 per share, and operating cash flows of ...