(MENAFN- Investor Ideas) Investorideas ( ), a go-to platform for big investing ideas, including automotive and EV Stocks reports on trading for General Motors (NYSE: GM ).
The stock is trending today and currently trading at $53.39, up $4.46, gaining 9.11% on volume of over 28 million shares as of this report.
General Motors today reported third-quarter 2024 revenue of $48.8 billion, net income attributable to stockholders of $3.1 billion, and EBIT-adjusted of $4.1 billion.
General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future.
Investor Ideas featured General Motors in its lead story today-
The Rise of Clean Energy in the Automotive Sector - From EV's to Solar
October 22, 2024 - Investorideas , a go-to investing platform covering cleantech and automotive stocks releases a sector snapshot looking at recent news and developments.
Stocks mentioned in this article include Worksport Ltd. (NASDAQ: WKSP ), a company who through its subsidiaries, designs, develops, manufactures and owns the intellectual property on a variety of tonneau covers, solar integrations, portable energy storage systems and heat-pump technology. The Company is committed to transforming the pickup truck industry through innovative technologies that enhance functionality and sustainability.
Other automotive stocks mentioned include Rivian (NASDAQ: RIVN ), Tesla (NASDAQ: TSLA ), General Motors (NYSE: GM ), Ford (NYSE: F ).
Looking to the roads of the future, Expert Market Research says , "The electric vehicle (EV) market has witnessed remarkable growth, with the volume reaching nearly 31,061.20 thousand units in 2023. As more consumers and businesses recognize the environmental and economic benefits of electric mobility, this market is set to expand significantly. Projections indicate a robust compound annual growth rate (CAGR) of 13.2% from 2024 to 2032, with estimates suggesting the market could reach approximately 101,177.60 thousand units by 2032."
Research cleantech and EV stocks at Investorideas
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