General Motors (GM) along with Ford or Chrysler are the forefathers of the car industry in America. After nearly a century of dominating the American auto industry, GM came to the brink of bankruptcy in 2009 following the economic crisis, and had to rely on the US government's bailout. GM's recovery from then to 2020 has also been fraught with difficulties, as the combustion engine vehicle industry faces pressure to convert to clean energy, led by Tesla with electric vehicle technology. GM's stock from 2010 (post-bankruptcy and restructured) to early 2020 (pre-Covid) hasn't moved any further, suggesting investors don't see potential in the company. Things got worse when the Covid epidemic caused GM to lose 50% of its value.

The story changed for GM when it announced its efforts to move into the electric vehicle industry. GM will structure 40% of its models into all-electric by 2025, and all-electric by 2040. GM owns the startup Brightdrop, which makes electric trucks, which is about to go into production. shipped by the end of 2021 and received 500 orders from the shipping company FedEx. After these efforts, GM's stock price surged and is now double its pre-Covid value.

Even so, the value of GM is still considered extremely cheap. GM currently has a market capitalization of just $81 billion, compared to Tesla's $594 billion, while Q4 2020 sold 3.5 times as many vehicles as Tesla (though the majority of those vehicles were motor vehicles). combustion engine).

GM has expectations and is gradually proving its efforts to transform its operations, from the "old man" in the combustion engine car industry that seems to be obsolete but is now gradually competing with the "young people" of electric vehicles. It will be a pity if we do not give GM a chance, because "old" is not necessarily "out of action."

GM's stock growth is expected to be 50% within a year.