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<blockquote data-quote="Weather Man" data-source="post: 16677428" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3750531-general-motors-dazzles-analysts-with-aggressive-financial-targets-ev-plans" target="_blank">T</a>he drumbeat for EV is deafening. I guess the plan is buy an EV whether you want to or not because there won't be any new ICE around.</p><p></p><p></p><p><a href="https://seekingalpha.com/news/3750531-general-motors-dazzles-analysts-with-aggressive-financial-targets-ev-plans" target="_blank">General Motors dazzles analysts with aggressive financial targets, EV plans</a></p><ul> <li data-xf-list-type="ul">The early reaction from Wall Street is positive on the General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) Analyst Day reveals and updates, which was headlined by a plan for the automaker to double revenue to $280B by 2030.</li> <li data-xf-list-type="ul">Wedbush (Outperform): "We believe GM's financial targets are achievable and ultimately beatable as the company converts the vast majority of its customer base to EVs over the coming years. We believe by 2026 GM will be able to convert 20% of installed base to EVs which remains the key to our re-rating thesis as part of this renaissance of growth happening in Detroit with the green tidal wave."</li> <li data-xf-list-type="ul">Wedbush analyst Dan Ives thinks more positive news is on the way from GM this week as it further details the EV roadmap.</li> <li data-xf-list-type="ul">Bank of America (Buy rating): "In our view, the event was constructive, further illustrating GM as an industry leader in what we characterize as the Core to Future transition. With this in mind, we maintain our Buy rating on GM and believe the SOTP story may gain more traction."</li> <li data-xf-list-type="ul">Of note, BofA also highlights that GM talked about more than just the revenue targets and electrification plans at the investor event. The automaker outlined a number of new projects like OnStar, BrightDrop and GM Defense that have addressable markets ranging from $3B to $500B.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16677428, member: 137766"] [URL='https://seekingalpha.com/news/3750531-general-motors-dazzles-analysts-with-aggressive-financial-targets-ev-plans']T[/URL]he drumbeat for EV is deafening. I guess the plan is buy an EV whether you want to or not because there won't be any new ICE around. [URL='https://seekingalpha.com/news/3750531-general-motors-dazzles-analysts-with-aggressive-financial-targets-ev-plans']General Motors dazzles analysts with aggressive financial targets, EV plans[/URL] [LIST] [*]The early reaction from Wall Street is positive on the General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) Analyst Day reveals and updates, which was headlined by a plan for the automaker to double revenue to $280B by 2030. [*]Wedbush (Outperform): "We believe GM's financial targets are achievable and ultimately beatable as the company converts the vast majority of its customer base to EVs over the coming years. We believe by 2026 GM will be able to convert 20% of installed base to EVs which remains the key to our re-rating thesis as part of this renaissance of growth happening in Detroit with the green tidal wave." [*]Wedbush analyst Dan Ives thinks more positive news is on the way from GM this week as it further details the EV roadmap. [*]Bank of America (Buy rating): "In our view, the event was constructive, further illustrating GM as an industry leader in what we characterize as the Core to Future transition. With this in mind, we maintain our Buy rating on GM and believe the SOTP story may gain more traction." [*]Of note, BofA also highlights that GM talked about more than just the revenue targets and electrification plans at the investor event. The automaker outlined a number of new projects like OnStar, BrightDrop and GM Defense that have addressable markets ranging from $3B to $500B. [/LIST] [/QUOTE]
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