Market share of EVs reaches 5.3%. The registrations data is out in all its glorious detail.
GM tries to shrink itself out of trouble. And it shrinks where it wants to grow. But when will it stop before hitting zero? Ugly charts of GM’s global vehicle sales, by region.
The setup is just too juicy.
Nasdaq down 8.7% in May. S&P 500 back to Jan 2018. Russell 2000 down 15.7% from peak, back to Sep 2017. FANGMAN except Microsoft get creamed.
The ruse that helped shares jump 20%.
Ford is big loser, Hyundai-Kia big winner, and Opel is someone else’s problem.
But average transaction prices rise to record highs.
A big shift, at a cost of $3.8 billion – which it now has to borrow.