GM
General Motors Company
stock NYSE

This is the shittiest "vibe reporting" garbage I've read in a long time:
> "The largest American automaker has led the cuts, with General Motors reducing U.S. salaried headcounts by roughly 11,000 people from 2022 through last year. Those job cuts came after GM had a run-up in employment, expanding from 48,000 U.S. white-collar workers in 2020 to 58,000 in 2022."
That has nothing to do with AI and everything to do with post-pandemic staff reductions, which are happening at a _lot_ of companies that over-hired in 2020 and 2021.
Journalists should be embarrassed at their inability to actually do reporting anymore. Where's the investigation? Where's the check against management claims? How is this not just regurgitating a couple of unrelated press releases?
Forget AI. Shitty reporting will be the death of us all.

That’s exactly how it worked for GM. Workers worked harder and company became more competitiv… oh wait…

Well if you go to your preferred auto manufacturer to buy their car because you trust their brand and long standing history of reliability, as well as being a long time buyer of that brand, just to find out that while the emblem is of that brand but the motor, computer, software and UI are from a manufacturer with a history of declining quality (hence why you’re not buying from them), it’s going to make people think they cannot trust that vehicle either. Companies employ psychologists for marketing purposes because they know how people think matters more than what actually is. I’m one of those. I went in to possibly purchase the prologue and was excited to see it and drive it. I got in for the test drive and saw the UI was completely different. They didn’t even try to make it Honda. I asked, who designed this UI? I owned a dodge for a while and the UI was total crap and was getting that vibe again. That’s how I found out about all of this. I drove it cause why not and it was a great ride but I couldn’t let myself buy it knowing GM had such a huge part in its design and parts.

This is the shittiest "vibe reporting" garbage I've read in a long time:
> "The largest American automaker has led the cuts, with General Motors reducing U.S. salaried headcounts by roughly 11,000 people from 2022 through last year. Those job cuts came after GM had a run-up in employment, expanding from 48,000 U.S. white-collar workers in 2020 to 58,000 in 2022."
That has nothing to do with AI and everything to do with post-pandemic staff reductions, which are happening at a _lot_ of companies that over-hired in 2020 and 2021.
Journalists should be embarrassed at their inability to actually do reporting anymore. Where's the investigation? Where's the check against management claims? How is this not just regurgitating a couple of unrelated press releases?
Forget AI. Shitty reporting will be the death of us all.

That’s exactly how it worked for GM. Workers worked harder and company became more competitiv… oh wait…

Well if you go to your preferred auto manufacturer to buy their car because you trust their brand and long standing history of reliability, as well as being a long time buyer of that brand, just to find out that while the emblem is of that brand but the motor, computer, software and UI are from a manufacturer with a history of declining quality (hence why you’re not buying from them), it’s going to make people think they cannot trust that vehicle either. Companies employ psychologists for marketing purposes because they know how people think matters more than what actually is. I’m one of those. I went in to possibly purchase the prologue and was excited to see it and drive it. I got in for the test drive and saw the UI was completely different. They didn’t even try to make it Honda. I asked, who designed this UI? I owned a dodge for a while and the UI was total crap and was getting that vibe again. That’s how I found out about all of this. I drove it cause why not and it was a great ride but I couldn’t let myself buy it knowing GM had such a huge part in its design and parts.

[Proof](https://i.imgur.com/zKE2l3i.jpeg)/[Album](https://imgur.com/a/YJRlDnr)
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plenty of blue chip companies have entirely disappeared or their stocks have seen major losses that never recovered.
Sears, Lehman Brothers, Washington Mutual. General Motors was once a top stock in the S&P 500 for 15 or 20 years but went bankrupt in 2009 and wiped out, current GM is a different company legally.
General Electric also was a major American company whose stock gor crushed, but they've had an impressive turnaround.
AIG stock crashed from over $1000 and has never traded above $200 since then.
Xerox was one of the hottest most innovative tech stocks of the 1950s and '60s but look up the long-term stock performance.

Gold is a terrible long term investment because it doesn’t pay dividends that can compound. There are only selected windows where gold was amazing for a short period of time - like last year. Since 1968 gold is up 128x thanks to the big run up last year. The same period the Dow is up 323x with dividends reinvested and that includes crap like Kodak, Sears and GM that went bust. Well managed and diversified equity accounts did closer to 500x. People that don’t diversify almost always get shafted eventually.

Why not the mines that will supply them?
NOU, LAC, ETL, ELVR.
LCID has to compete with Ford and GM, it’s gonna be tough. As a swing trade, possibly. Saudis love to short and the subsequent squeezes that follow usually are good exit points.
I would keep an eye on this one till the 2030s. There’s still some hope yet.

What you're missing is Elon Musk. It's his company, your essentially betting on him, not the actual business metrics or valuations. Tesla is worth > 1.5 trillion by market cap, thats roughly 5x Ford, GM and Toyota COMBINED. Tesla, the actual company is not worth what the market values it at based on a traditional definition of "worth".
SpaceX is going to be more of the same. Ridiculous market cap, a P/E multiple that's not in any way rooted in reality, and volatility based solely on Musk's tweets and not at all on the health of the business.
That's what you're investing in if you buy, it's Elon's ability to over inflate the "value" of the business based on his reputation alone.