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'Fast Money' traders talk General Motors as automaker beats Q3 earnings
Youtube· 2025-10-21 22:04
Uh Piper had a note out after the results saying, you know, we got it wrong. We we've had a neutral on the stock for a long time. But now we actually think that we could see EVIT margins between 8 and 10%.I'm sure in part thanks to this higher average transaction price of $51,000. >> Yes, but there's so much to like here except that I don't own the stock. But they don't need to give that kind of bullish guidance for next year that they did, right.It's very easy to just say, "Hey, we're in a, you know, fluid ...
Gavin Newsom Slams GM CEO Mary Barra As The Governor Confirms California Won't Offer EV Incentives: 'Sold Us Out' - General Motors (NYSE:GM)
Benzinga· 2025-09-24 05:31
Group 1: California's EV Incentives and Policies - California will not offer state incentives for EVs after the September 30 deadline for the $7,500 Federal EV Credit [1][3] - Governor Gavin Newsom criticized General Motors (GM) and its CEO for lobbying against California's EV mandate aimed at phasing out internal combustion engine vehicles by 2035 [2][4] - Newsom stated that the state cannot compensate for the loss of federal tax credits and will focus on supporting charging infrastructure instead [3] Group 2: General Motors' Strategy and Investments - GM initially opposed California's EV mandate, citing slow market demand for EVs and concerns over emissions standards [4] - Despite opposition, GM is advancing its EV strategy with the Chevrolet Bolt EV priced at $30,000, utilizing LFP batteries from CATL until 2027 [5] - GM has launched 200 fast-charging stations across 40 states in partnership with EVgo Inc. and Pilot Company, enhancing its charging network [6] Group 3: GM's Continued Investment in ICE Vehicles - GM is also investing significantly in internal combustion engine vehicles, with over $888 million allocated to its V-8 manufacturing facility in Buffalo, NY [7]