GM had an advert over the latest Super Bowl announcing that Netflix would be featuring GM cars in some of itβs latest films.
GMβs stated aim is that they want to sell a million EVs per year in in North America and China. They intend to invest $35 billion globally in EV and AVs through 2025. So, will this electric vehicle ambition pay off?
From a seasonal perspective there is one stand out time of the year that you need to know about. Between now and the end of March GM stock has a period of weakness. However, from the end of September through to year end GM stock has a strong seasonal pattern.
Major Trade Risks:
The major risk here is if GM is unable to gain major market share of the EV market.
Remember, donβt just trade it, but Seasonax it!