General Motors (GM) is an American multinational auto manufacturer that designs, builds, and distributes vehicles and parts.
And while it isn’t a speculative play that could sink or swim in the electric vehicle (EV) space, the company is a fairly safe investment that has been making moves to bolster its spending in greener energy.
In fact, GM recently raised its guidance for EV spending by 75% from $20 billion to $35 billion. And last week, the company announced it was partnering with Wabtec to build electric freight trains.
Through the agreement, GM will provide its battery and hydrogen fuel-cell technology to the locomotive firm for use in its electric freight trains.
These initiatives, combined with improving market conditions amid the global semiconductor shortage, have GM confident that it’ll exceed its previous earnings forecasts in the first half of the year.
The company noted that its earnings before interest and taxes (EBIT) could come in at $9.5 billion compared to its previous forecast of $5.5 billion to $8.5 billion.
And with governments and private companies around the world pushing to lower emissions by 2050, these kinds of investments will only continue to grow, providing a boost for companies like GM in the process.
Tesla recently announced the coming “1 million mile battery” shocking the world.
But… that battery is already here.
Thanks to a former Tesla employee, one of the company’s “original 7,” who beat Tesla to the punch.
His energy innovation is so powerful it can send a Tesla cross country without charging — FOUR TIMES.
Imagine a “superbattery” that:
- Charges in eight minutes — not hours.
- Lasts 9,200 miles between charges.
- And has a lifespan of 12 MILLION miles.
It’s not a fiction.
This technology already exists, and it’s rolling out to manufacturers at this moment.
The one company behind it is on the cusp of a potential 20,300% market surge over the next decade.