GM - BULLISH SCENARIOEarlier this month the company disclosed first quarter US deliveries rose 18% to 603,208 vehicles, with the automaker growing its US market share by an estimated 1.5%, the largest of any company in the industry, GM said.
GM also reported record electric vehicle deliveries of 20,670, though most of those were for the Chevrolet Bolt EV and EUV — GM only delivered two Hummer EV pickups and 968 Cadillac LYRIQ EVs. Analysts and investors will be keen to hear more about GM’s EV ramp-up; GM is expected to launch three more EVs — the Chevrolet Equinox, Blazer, and Silverado EV pickup.
The next price target is located at the $ 45 resistance level.
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