EV Shock: GM Is Growing Faster Than Tesla

By Travis Hoium – Jul 6, 2024 at 12:00PM

NYSE: GM

General Motors

Market Cap

$55B

Today's Change

(3.01%) $1.40

Current Price

$47.93

Price as of July 11, 2024, 4:00 p.m. ET

It looks like Tesla's revenue will slide again in the second quarter.

General Motors (GM 3.01%) grew deliveries in the second quarter of 2024 as Tesla (TSLA -8.44%) reported a drop in sales and production. Why are the two companies diverging? Travis Hoium covers that in this video.

*Stock prices used were end-of-day prices of July 2, 2024. The video was published on July 5, 2024.

Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.