GM
General Motors Company
stock NYSE

You're right, that 2008 isn't a good comparison to the present. IF gen AI is all that it is said to be, the dot com bubble might not be either. dot com was a bubble, but eventually (in less than 5 years) a lot of the infrastructure that was created shortly before the dot com crash became the stepping stones to current digital economy and tech businesses. Looking back, the same could be said for railroads: there were too many people getting into the business, followed by bankruptcies, followed by recovery, i.e. ten years later, new rail transit companies benefited greatly from all the prior infrastructure development. Lots of new commerce leading to new tech innovation resulted from the transition to railroads. If genAI is all that is anticipated, then I don't know what new jobs will result from its success. Anthropic CEO guy keeps warning us that there will be 30% unemployment... which implies a huge drop in tax revenue for government, so UBI would be even less feasible than now).
At the moment, there isn't much ROI from genAI according to OpenAI's CFO in 2025. Currently, the big "tech" companies (Meta, Amazon, Microsoft, Alphabet/Google, Oracle) anticipate spending $720B in 2026 on AI with revenues of 20%
**Also be aware that 90% of AI startups went bankrupt which is a lot higher than the 70% that is typical for startups. This might not mean much because there were a lot of automobile companies in the US in the 1910s through 1930s and most failed. There were a dozen or so that survived, which were enough to avoid becoming an oligopoly, even after they consolidated into Ford, GM, AMC, Chrysler and a few others.

Two of the last 3 years. Point taken. But, total up how many GM vehicles, Ford Vehicles, Toyota vehicles versus Tesla.

why GM stonk liked

Saying that Mercedes and GM are the best run car companies is tantamount to hunting for the tallest chihuahua in the room. In aggregate, the auto industry has not even earned its cost of capital over the past 50 years.
If you are looking for long term wealth creation, my advice is to look for tall giraffes, not tall chihuahuas.

GM all, I'm looking to buy this coin as a graduation gift for a super fan of this particular Batman.
I've seen recent sales on our favorite auction site for around $125.
I would be willing to spend $130 shipped and can pay via Zelle.

Ćao, hvala za koment. 😄
The write-downs fall down into a few buckets: factories and assembly lines that were retooled specifically for EVs and are now worth less, especially as the demand didn't materialize initially, EV-specific inventory and components that couldn't be sold at cost, especially batteries bought in amount that was overbuilt for volumes that never arrived, and in GM's case - a large chunk from Cruise, the robotaxi unit, which burned through capital before being restructured.

The common thread is that all three committed at scale to an EV timeline the market didn't follow, and when the timeline shifted, the assets built for it had to be revalued. GM absorbed the hit and the core business still held up. Ford and Stellantis had a much harder time.

 *$52 billion in combined EV write-downs across GM, Ford, and Stellantis.*
What exactly did they write-down?

Mercedes and GM are the two best-run car companies right now. Nobody is talking about them.

GM from the NW 🇬🇧! Have a gr8 day all. Let’s goooooo! 🚀🚀🚀💥📈🍻🤑

Seriously. 40 years ago the equivalent top stocks were IBM, GE, GM, and Philip Morris. That's a portfolio that has massively underperformed since then and I guarantee there were identical discussions to what we're hearing right now of people saying you should just buy those stocks and nothing else because it's easy money and beats the market every year. People never learn.

Wonder if people were asking these kinds of questions, when automation decimated the auto industry workforce, or when auto manufacturers headed south to Mexico.
Who was weeping for cities like Flint Michigan, that was crippled when GM left.
Boohoo I am not going to cry for software engineers who were probably making 2 to 3 times the national average.
If they come for the guy across the street and I say nothing, then come for my neighbor and I say nothing, who is going to say anything when they come for me.
The alternative is too scare people who wants jobs but don't want the infrastructure to support those jobs. Data centers are not the devil, yet devious people are out there scaring people.

I just listened to the NVDA call. Honestly, I think the reason the stock is down again is that Jensen’s narrative doesn’t resonate even though his numbers are totally bonkers good. He talks like competition doesn’t exist even though it obviously does on many fronts. I think investors are wary of him. His hyperscale customers have watched him get bigger than them and still charge 75% GM. Unsustainable and the market knows it.

In terms of car sales GM outsells Tesla 6 to 1. GM's annual revenue is double Tesla's. Yet Tesla's market cap is 20 times GM's. Nothing about Musk's companies makes sense.
Buying into SpaceX is a hell of a runner to take based on the strength of space based datacenters.