- Automotive companies have the tendency to be negatively correlated with the price of crude oil and rising inflation levels.
- GM's financial metrics have yet to stand out relative to its competitors, and there is no indication of such in the shorter term.
- Rising commodity prices would have an inevitable impact on gross profit, with worrying signs of market share reduction in the past few years.
- Management's forward-looking views and subsequent scale-up R&D investments in EV and AV can benefit shareholders in the middle to long term.
For further details see:
General Motors: Mediocre Financial Metrics With Long-Term Intent