[allendale]

GM has squandered a fortune researching, developing and manufacturing electric vehicles. The problem is that there is only a very limited market. Those assets are not returning a profit and GM is saddled with debt. The average consumer still demands the all weather reliability, durability and convenience of the internal combustion engine. Unless coerced they don’t rush to buy electric vehicles. GM is now saddled with the anchor of dead money. Its executives followed a politically correct narrative down a rabbit hole instead of doing good market research. Best to sell GM and most auto stocks now. Tesla is the poster child for this nonsense but Ford, VW and others all made the same error. Capitalism offers great rewards but no guarantees or compensation for stupidity.

[Grampa Dave]

Thanks for your reply. This is another example of a big corporation doing the following:

[cymbeline]

“GM has squandered a fortune researching, developing and manufacturing electric vehicles. The problem is that there is only a very limited market.”

The best immediate market is commercial vehicles that run regular routes during the day and can be recharged overnight.