GM Joins the Tesla Bandwagon
The stock market appeared poised to continue its upward move early Friday, with stock index futures indicating modest gains would be likely at least at the opening bell. With the S 500 (SNPINDEX: ^GSPC) having closed more than 20% above its October lows on Thursday, bullish investors are increasingly optimistic that better times lie ahead for stocks.
Helping to bolster the mood on Wall Street, two stocks betting big on electric vehicles (EVs) made sizable gains. It's not every day that you see Tesla (NASDAQ: TSLA) and General Motors (NYSE: GM) working together, but the two automakers announced a landmark deal that has implications for the entire industry.
Shares of General Motors rose 4% in premarket trading. The automaker made an announcement late Thursday that indicated its willingness to get in line with what consumers want: a standard way to charge their electric vehicles.
Source Fool.com
General Motors Corp Stock
Our community is currently high on General Motors Corp with 33 Buy predictions and 5 Sell predictions.
As a result the target price of 46 € shows a slightly positive potential of 9.63% compared to the current price of 41.96 € for General Motors Corp.
