New Hummer Gives GM Stock A Little "Tesla" Magic

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Thread: New Hummer Gives GM Stock A Little "Tesla" Magic

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    News Contributor Premium Member Perian's Avatar
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    New Hummer Gives GM Stock A Little "Tesla" Magic

    CNBC
    October 22, 2020

    Shares of General Motors closed Thursday at their highest price so far this year following the successful debut Tuesday of the new GMC Hummer EV as well as the automaker’s announcement earlier in the week of more than $2 billion in new U.S. investments to support electric vehicles.

    The stock settled at $37.41 a share, rising 4.6% for the day and pushing the price up 2.2% year to date. That was just enough to drive the shares into the black for the first time since Jan. 2. The stock has jumped by 11.8% this week through Thursday. If it continues at that pace, this week will be one of the top five weeks of the year for the stock, according to FactSet data. The stock’s 52-week high was $38.96 on Nov. 12.

    Deutsche Bank, Barclays and J.P. Morgan upgraded their price targets on the automaker this week. Several Wall Street analysts also complimented GM during an investor presentation Wednesday about the Hummer EV, which debuted Tuesday night, but no major research firms have upgraded their ratings yet.

    “Crab walk – I think some investors are crab-walking back to a stock that they had written off here. So, well-done to you guys,” Morgan Stanley analyst Adam Jonas told GM President Mark Reuss, referring to a “crab walk” capability of the Hummer EV to move in a diagonal direction.

    Prior to the Hummer’s unveiling Tuesday night, BofA Securities’ John Murphy said GM’s “solid business plan” was not being reflected in its stock price.

    “GM has been a hotly debated stock for years, but we believe the fundamental Core to Future transition underway at the company remains underappreciated by most investors,” Murphy wrote in an investor note.








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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    Wednesday March 18, 2020 - GM Stock: $ 14.32 per share.

    Thursday, October 22, 2020 - GM Stock: $ 37.41 per share.

    261.25% gain...not to shabby!

    CORRECTION: The above figure should be 161.25%. Thanks to Ed753 for the update!















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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    Prior to the Hummer’s unveiling Tuesday night, BofA Securities’ John Murphy said GM’s “solid business plan” was not being reflected in its stock price.
    A nice and well deserved complement to CEO Barra and staff.






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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    If they can deliver on what has been shown or say they pan out in a positive fashion this should help keep that stock price at higher levels too. That will be a win.

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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    Quote Originally Posted by 1958carnut View Post
    If they can deliver on what has been shown
    That's going to be the key. GM doesn't actually have a physical prototype of Hummer EV ready as of now. It's still undergoing build. The Hummer EV models shown in the press event videos earlier this week were digitally rendered display vehicles. Green Car Reports quoted GM engineer Al Oppenheiser:

    Quote Originally Posted by Big Al
    "Interestingly enough, we don’t have a vehicle yet. We’re building our first test vehicle as we speak; the vehicle you see in the video is our display vehicle.
    For GM to release Hummer EV Edition 1 in Fall 2021, they must transition from the development phase to Job 1 production in 12 months. That's a remarkably short timeline - perhaps the shortest ever in GM's history or even in the history of the automotive industry.
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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    Quote Originally Posted by gkr778 View Post
    That's going to be the key. GM doesn't actually have a physical prototype of Hummer EV ready as of now. It's still undergoing build. The Hummer EV models shown in the press event videos earlier this week were digitally rendered display vehicles. Green Car Reports quoted GM engineer Al Oppenheiser:



    For GM to release Hummer EV Edition 1 in Fall 2021, they must transition from the development phase to Job 1 production in 12 months. That's a remarkably short timeline - perhaps the shortest ever in GM's history or even in the history of the automotive industry.
    Yeah at this point we, us diehard GM fans, can only hope I guess.

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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    [QUOTE=Perian;7270919]A nice and well deserved complement to CEO Barra and staff.

    To think many here wanted her fired for being more concerned about profitability than size. We may not like here vision but she is definitely focused and GM and its stock are better for it.

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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    Quote Originally Posted by Perian View Post
    Wednesday March 18, 2020 - GM Stock: $ 14.32 per share.

    Thursday, October 22, 2020 - GM Stock: $ 37.41 per share.

    261.25% gain...not to shabby!

    .
    $37.41-$14.32=$23.09

    $23.09/$14.32=161.24% gain.

    But Ford is up 109.6% over the same timeframe.

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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    Quote Originally Posted by Ed753 View Post
    $37.41-$14.32=$23.09

    $23.09/$14.32=161.24% gain.

    But Ford is up 109.6% over the same timeframe.

    look at what ford has in the pipeline

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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    Quote Originally Posted by Ed753 View Post
    $37.41-$14.32=$23.09

    $23.09/$14.32=161.24% gain.

    But Ford is up 109.6% over the same timeframe.

    Good points, Ed753. The increase for both GM and F recently may be more a function of the automotive industry's gradual recovery following the COVID-19 induced shutdowns six months ago than about any particular product announcements including Hummer EV.
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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    Quote Originally Posted by Ed753 View Post
    $37.41-$14.32=$23.09

    $23.09/$14.32=161.24% gain.

    But Ford is up 109.6% over the same timeframe.


    I take it we're comparing stock price to 52wk low? That works out to 47% better for GM compared to F per your numbers:

    (161.24-109.6)/109.6 = +47%


    Of course less than the TSLA mania!
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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    Quote Originally Posted by dannyg View Post
    I take it we're comparing stock price to 52wk low? That works out to 47% better for GM compared to F per your numbers:

    (161.24-109.6)/109.6 = +47%


    Of course less than the TSLA mania!
    Correct; gkr778 got my point, GM's meteoric rise isn't all about the Hummer.

    I think a big portion of it is related to the departure of Dhivya Suryadevera.

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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    The truth is, GM is either leading or on the verge of being the technology leader in automotive. If Mother can show some Data monetization revenue, she will become a billionaire

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    Re: New Hummer Gives GM Stock A Little "Tesla" Magic

    Quote Originally Posted by mbukukanyau View Post
    The truth is, GM is either leading or on the verge of being the technology leader in automotive.
    +1
    GM has been a technology leader ever since Charles Kettering started providing consulting services to the General Motors organization established by Billy Durant over a century ago.

    Technological leadership alone isn't sufficient for success in the automotive industry, however. General Motors itself has demonstrated that many times in its history.
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