"A more important comparison is that Tesla Inc. ( NASDAQ: TSLA) stock is up 13%, and Ford Motor Co. ( NYSE: F) by 34%. There is another important measure among the three. Ford's market cap is $53 billion, while GM's is $79 billion and Tesla's is $1.53 trillion. GM has walked the thin line between the strategies of its two competitors. Tesla's sales have been troubled in China, the United States, and Europe. Tesla's U.S. sales dropped near a four-year low in November."
"GM has not invested what Ford did in EVs. Additionally, its overall sales have risen this year. It did take a $1.6 billion write-off for its EV operations. At the time, GM said "Following recent U.S. government policy changes, including the termination of certain consumer tax incentives for EV purchases and the reduction in the stringency of emissions regulations, we expect the adoption rate of EVs to slow.""
GM stock rose 56% year-to-date while the S&P 500 climbed 16%, Tesla gained 13%, and Ford increased 34%. Ford's market capitalization is $53 billion, GM's is $79 billion, and Tesla's is $1.53 trillion. Tesla experienced sales weakness in China, the United States, and Europe, with U.S. sales near a four-year low in November, even as Tesla shifts toward artificial intelligence and robotics. Ford recorded a $19.5 billion write-off tied to collapsed EV sales. GM recorded a $1.6 billion EV-related write-off and cited U.S. policy changes and slowing EV adoption. GM's overall sales have risen and the company emphasizes combustion-engine profitability, strong cash generation, earnings resilience, and shareholder returns under CEO Mary Barra.
Read at 24/7 Wall St.
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