From CNBC: 2024-11-11 09:51:36

General Motors (GM) is exceeding expectations as its shares surge 54.7%, outperforming competitors like Tesla, Lucid, and Rivian. The automaker has benefitted from $12.4 billion in stock buybacks and operational efficiency. CEO Mary Barra’s differentiation strategy is finally resonating with investors, with GM stock consistently outperforming Ford and other rivals. Despite ongoing market challenges, GM has raised financial targets for 2024, unlike competitors who are restructuring operations and cutting costs. Barra remains optimistic about GM’s performance in 2025, aiming to leverage strengths for continued growth and profitability. Wall Street estimates an average price target of $59.85 per share for GM stock.



Read more at CNBC: GM’s Wall Street vindication is here as it outperforms peers in 2024