Will GM Go Bankrupt Transitioning to EVs (Electric Vehicles)?
GM are making big noises in the EV game, with high ambitions, and have set big objectives. They have big plans in the electric vehicle industry. With an electric Hummer coming out soon, and lot of other models in the pipeline like the Cadillac Lyriq.
GM have been making EVs longer than most of the other legacy ICE autos, with their Chevrolet Bolt, which is the biggest selling EV that is not a Tesla. So with all that experience they have, do they have a chance of making it to transition to EVs?
We will explore what it will take for GM to successfully transition, and see if they can make, or if they will go bankrupt yet again. GM was once the world's largest auto maker, but it looks like they struggle to stay around much longer. EVs are clearly the future of automotive, but it doesnt seem to be in GM wheel house yet.
Aside from the not overly successful Bolt, GM really have very little to show in their range of electric vehicles, and nothing at all that comes remotely to anything Tesla offers.
It's going to be a tough ride for GM over the next few years, it will be exceedingly tough for them to stay solvent. And that is if the market stays strong. In a market downturn, then they have even less chance of survival.
But perhaps Uncle Sam will bail them out again. Or maybe the government will try and keep them going by helping out with tax credits to help them transition to EVs without going bankrupt. We will explore all this and more.
Follow me on Twitter @teslaeconomist
https://twitter.com/teslaeconomist
Support the channel on Patreon
https://patreon.com/teslaeconomist
This video is meant for entertainment purposes, not Tesla stock investment advice.
#tesla, #tsla, #teslaStock
Видео Will GM Go Bankrupt Transitioning to EVs (Electric Vehicles)? канала Tesla Economist
GM have been making EVs longer than most of the other legacy ICE autos, with their Chevrolet Bolt, which is the biggest selling EV that is not a Tesla. So with all that experience they have, do they have a chance of making it to transition to EVs?
We will explore what it will take for GM to successfully transition, and see if they can make, or if they will go bankrupt yet again. GM was once the world's largest auto maker, but it looks like they struggle to stay around much longer. EVs are clearly the future of automotive, but it doesnt seem to be in GM wheel house yet.
Aside from the not overly successful Bolt, GM really have very little to show in their range of electric vehicles, and nothing at all that comes remotely to anything Tesla offers.
It's going to be a tough ride for GM over the next few years, it will be exceedingly tough for them to stay solvent. And that is if the market stays strong. In a market downturn, then they have even less chance of survival.
But perhaps Uncle Sam will bail them out again. Or maybe the government will try and keep them going by helping out with tax credits to help them transition to EVs without going bankrupt. We will explore all this and more.
Follow me on Twitter @teslaeconomist
https://twitter.com/teslaeconomist
Support the channel on Patreon
https://patreon.com/teslaeconomist
This video is meant for entertainment purposes, not Tesla stock investment advice.
#tesla, #tsla, #teslaStock
Видео Will GM Go Bankrupt Transitioning to EVs (Electric Vehicles)? канала Tesla Economist
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