Next week, GM and Tesla will report Q4 results, with concerns over the expiration of the $7,500 federal tax credit affecting EV sales. Despite a decline in Q4 EV sales, GM still sold a record 169,887 EVs last year. GM’s Q4 sales are expected to decrease by 6%, while Tesla’s are expected to fall by 2%.
GM stock is a strong buy with positive EPS revisions, while Tesla is a sell due to concerning EPS trends. Despite Tesla’s promising ventures, GM may be the safer investment. In the quantum computing realm, companies like Microsoft and Tesla are racing to integrate this technology, presenting a unique investing opportunity.
Read more at Nasdaq: Buy General Motors or Tesla Stock as Q4 Results Approach?
