GM's Electric Vehicle Miss and Why It's a Win for Investors

General Motors (NYSE: GM) isn't going to hit its goal of 1 million electric vehicles (EVs), but that may not be bad for investors. The company makes most of its money selling trucks and SUVs, so EVs hurt the bottom line.

In this video, Travis Hoium shows GM's free-cash-flow trends compared to EV competitors and why going all-in on EVs right now may be a bad move.

*Stock prices used were end-of-day prices of July 17, 2024. The video was published on July 22, 2024.

Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy . Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.