GM
General Motors Company
stock NYSE

Yeah, cause American car companies have been so good to us. /s
[GM Canada layoffs hit Oshawa plant, putting up to 1,200 autoworkers out of work Friday](https://www.cbc.ca/news/canada/toronto/gm-oshawa-to-lay-off-1-200-workers-friday-9.7065457)

Let’s be completely honest on why Reddit and the media loves to pick on Tesla. You know GM, Stellantis all took massive money from government. Don’t forget the telecom companies as well as healthcare. So where are the scrutinies there?

Hell, the US government at every level quite literally subsidizes manufactures by purchasing their vehicles from the likes of Ford and GM. Your tax dollars are going straight to them.
Part of the reason stuff like the F150 or the Explorer sell as well as they do is because of all those government purchases. Look at pretty much every Police force across America.

Thy should. When was the last time GM build some reliable cars? Their eco boost engine is POS

And they're startlingly high quality, feature-rich and have like good range despite being in the Nissan Leaf price range lol.
I've personally only driven GM trucks (I love my little Colorados lol) and Vettes but I would totally snap an AWD one up for winter and what not.

I wouldn’t say “crashing” but…most other stocks are experiencing similar drops. Not sure if I can drop tickers but Amazon, Eli Lily, Target, AMD, Robinhood, GM..list goes on and on

You literally said "most car companies", but it's more like \~3 companies with limited exposure in the ML world and no consumer-facing products that utilize any of the tech they're talking about.
They're doing PR for fuck's sake...

I work in ML as a software engineer, the only people you're fooling are confused Redditors and lazy investors.

Not a single soul in ML sits there and thinks, "Yeah, GM is an authority in AI because they bought an expensive sponsorship and talked about the Pros and Cons of what Tesla had already built 2 years earlier."
The irony in "zero fucking clue" should be smacking you in the face right now. I bet it won't, though. Too much Reddit mod in you.

ironically one of the few things that is green in my port today is fuckin GM E into which i retarded 400 because of Cohen wanting to make it a Berkshire Hatthaway or whatever.

Well they are assuming the p/e ratio remains the same, so if they buy back 10% of the company each year the earnings per share will rise 10% so therefore the price will rise 10%. If the stock price doesn’t rise then the company has a lower p/e ratio so next year they can buy back even more stock and raise the eps even more. If it goes on forever (big if) the eps can triple in 10 years.
The buyback strategy makes more sense when the p/e is 5-6 with consistent earnings. I bought GM at a p/e of 5 hoping for buybacks and in like 2 years they bought back 50% of the company causing a tripling in stock price.

Yeah, cause American car companies have been so good to us. /s
[GM Canada layoffs hit Oshawa plant, putting up to 1,200 autoworkers out of work Friday](https://www.cbc.ca/news/canada/toronto/gm-oshawa-to-lay-off-1-200-workers-friday-9.7065457)

Let’s be completely honest on why Reddit and the media loves to pick on Tesla. You know GM, Stellantis all took massive money from government. Don’t forget the telecom companies as well as healthcare. So where are the scrutinies there?

Hell, the US government at every level quite literally subsidizes manufactures by purchasing their vehicles from the likes of Ford and GM. Your tax dollars are going straight to them.
Part of the reason stuff like the F150 or the Explorer sell as well as they do is because of all those government purchases. Look at pretty much every Police force across America.

Thy should. When was the last time GM build some reliable cars? Their eco boost engine is POS

And they're startlingly high quality, feature-rich and have like good range despite being in the Nissan Leaf price range lol.
I've personally only driven GM trucks (I love my little Colorados lol) and Vettes but I would totally snap an AWD one up for winter and what not.

I wouldn’t say “crashing” but…most other stocks are experiencing similar drops. Not sure if I can drop tickers but Amazon, Eli Lily, Target, AMD, Robinhood, GM..list goes on and on

You literally said "most car companies", but it's more like \~3 companies with limited exposure in the ML world and no consumer-facing products that utilize any of the tech they're talking about.
They're doing PR for fuck's sake...

I work in ML as a software engineer, the only people you're fooling are confused Redditors and lazy investors.

Not a single soul in ML sits there and thinks, "Yeah, GM is an authority in AI because they bought an expensive sponsorship and talked about the Pros and Cons of what Tesla had already built 2 years earlier."
The irony in "zero fucking clue" should be smacking you in the face right now. I bet it won't, though. Too much Reddit mod in you.

ironically one of the few things that is green in my port today is fuckin GM E into which i retarded 400 because of Cohen wanting to make it a Berkshire Hatthaway or whatever.

Well they are assuming the p/e ratio remains the same, so if they buy back 10% of the company each year the earnings per share will rise 10% so therefore the price will rise 10%. If the stock price doesn’t rise then the company has a lower p/e ratio so next year they can buy back even more stock and raise the eps even more. If it goes on forever (big if) the eps can triple in 10 years.
The buyback strategy makes more sense when the p/e is 5-6 with consistent earnings. I bought GM at a p/e of 5 hoping for buybacks and in like 2 years they bought back 50% of the company causing a tripling in stock price.

The hand tossed and thin crusts were frozen at the time, and they were noticeably different in quality. I remember how much the GM at the time hyped up the time saved with this change, and all I could think of as a 18 year old kid was how bad it tasted. I don't know of any change that the chain has made that has been positive. It's right down the same path as Subway and Arby's.

Whatever Luka said to that GM Nico must have been bad