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- Sovereign 25Sovereign 25
  ·2022-06-15
  Author really dislike Tesla! Result will tell you.
  As Risk-Off Investors Exit Tesla Stock, Elon Musk Is Making Things Worse
  Poster child Tesla(TSLA) stock isn’t the powerhouse people believe.Tesla's annual deliveries are tin
  As Risk-Off Investors Exit Tesla Stock, Elon Musk Is Making Things Worse
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- Sovereign 25Sovereign 25
  ·2022-01-26
  With current management of GM, very unlikely GM will every relive it old glory. Downhill all the way till another chapter 11.
  GM's $7 Billion Investment Intensifies EV Battle With Ford, Tesla
  By Paul Lienert and David Shepardson(Reuters) - General Motors Co said Tuesday it will invest $7
  GM's $7 Billion Investment Intensifies EV Battle With Ford, Tesla
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Result will tell you.","listText":"Author really dislike Tesla! Result will tell you.","text":"Author really dislike Tesla! Result will tell you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055281783","repostId":"1131761396","repostType":2,"repost":{"id":"1131761396","pubTimestamp":1655274411,"share":"https://ttm.financial/m/news/1131761396?lang=&edition=fundamental","pubTime":"2022-06-15 14:26","market":"us","language":"en","title":"As Risk-Off Investors Exit Tesla Stock, Elon Musk Is Making Things Worse","url":"https://stock-news.laohu8.com/highlight/detail?id=1131761396","media":"investorplace","summary":"Poster child Tesla(TSLA) stock isn’t the powerhouse people believe.Tesla's annual deliveries are tin","content":"<html><head></head><body><ul><li>Poster child <b>Tesla</b>(<b><u>TSLA</u></b>) stock isn’t the powerhouse people believe.</li><li>Tesla&#39;s annual deliveries are tiny compared to competitors with much smaller market capitalizations.</li><li>CEO Elon Musk isn’t helping his case with investors that are more risk-off now.</li></ul><p><img src=\"https://static.tigerbbs.com/42f7c5edde055ce1d41ff25e50e2e027\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/></p><p>If you look at thelargest of the large cap stocks, you will notice that all of them serve millions of customers around the world, with diverse product lines and huge revenues. Except one.<b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>).</p><p>This company, which has the fifth largest market cap in the entire U.S. market, hasn’t even delivered1 million vehicles in a year. It’s been delivering cars for 14 years now and still hasn’t hit that mark.</p><p>Do you think the market would be so generous to any other company that couldn’t ramp up production or sales faster than that?</p><p>For comparison,<b>Volkswagen</b>(OTCMKTS:<b><u>VWAGY</u></b>) has a market cap about one-sixth the size of TSLA stock and itdelivered 4.9 millioncars last year. The Big Three are an order of magnitude-plus smaller than TSLA’s market cap.</p><p><b>Toyota</b>(NYSE:<b><u>TM</u></b>) delivered more than10 million carsand has an almost $230 billion market cap.</p><p>Not only that, but these car companies have been doing this for generations. They have extensive supply chains to support older models, and almost any repair shop has access to parts.</p><p>What’s more, these companies also have after-market parts suppliers that keep prices down on parts as well as allow DIYers to work on the cars themselves, which is a big deal if you expect a robust secondary market for your cars.</p><p>There’s also the fact that since the pandemic a number of new EV makers have joined the game. Usually, when competitors join an industry with one leading player, that player is under greater competitive stress, since added competition means greater margin pressure.</p><p>Not TSLA stock.</p><table><tbody><tr><td><b><u>TSLA</u></b></td><td>Tesla</td><td>$654.66</td></tr></tbody></table><h2>TSLA Stocks Killer CEO</h2><p>In the tech world you have killer apps. In the EV world it seems, you have one killer CEO, Elon Musk. He’s part genius, part showman, and Tesla doesn’t even have a PR or marketing department because its CEO does all the talking.</p><p>It’s certainly entertaining. But now that the decade and half of quantitative easing is over and billionaire worship is waning, is he really the guy you want tweaking the U.S. Securities and Exchange Commission, taunting government officials and changing the subject whenever a question about one or more of his business ventures gets bogged down?</p><p>I believe the people that fawn over Musk are the same people that still have Steve Jobs quotes on their walls.<b>Apple</b>(NASDAQ:<b><u>AAPL</u></b>) do or die is now TSLA do or die.</p><p>And the same unquestioned belief in the black turtleneck-clad CEO is now being transferred to the next enigmatic billionaire with a good idea and guru-status deflection skills.</p><p>What many of AAPL faithful forget is that AAPL almost disappeared from the fact of the Earth during Jobs’ early run as CEO. Its ascendency was a 21st century one. Its early days were a mess.</p><p>The interesting thing is how the press generally falls in line with these uncrowned barons of industry. They can be willing apologists for these types of CEOs. And when blindly labelling everything they do as genius goes out of fashion, they simply move on to the next genius billionaire or captain of industry that craves attention.</p><h2>Idle Hands Versus Focus</h2><p>Many see Musk as the next Thomas Edison. He’s running a space company, a car company, a tunneling company and a solar company all while tweeting his views on every conceivable subject, fighting the SEC, and launching a controversial bid for<b>Twitter</b>(NYSE:<b><u>TWTR</u></b>). He holds forth on blockchain coins and anything else that comes to mind.</p><p>And after his grandstanding TWTR move, analysts are starting to rethink their view of Musk. TSLA stock has dropped. TWTR stock has dropped. And as his tweets continue, it’s starting to look like Musk isn’t finding any traction.</p><p>Now, he’sbacking out of the TWTRdeal for not doing proper due diligence before his grandstanding bid for the company. And of course, he’s blaming it on Twitter.</p><p>This kind of erratic behavior isn’t attractive when you have a company with a $700 billion market cap.</p><p>Just below TSLA stock’s market cap is Warren Buffett’s <b>Berkshire Hathaway</b>(NYSE:<b><u>BRK-A</u></b>, NYSE:<b><u>BRK-B</u></b>). Do you ever think he would pull something like this? Bill Gates? Jeff Bezos? Tim Cook?</p><p>TSLA has very little short interest against it, so current shareholders can breathe easy, for now. But if there’s another down leg to this market, which seems very plausible, it’s a good idea to take profits soon.</p><p>As for aspirational TSLA lovers, logic has defied you up to now. But if you haven’t bought in, I would wait a quarter or two.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>As Risk-Off Investors Exit Tesla Stock, Elon Musk Is Making Things Worse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAs Risk-Off Investors Exit Tesla Stock, Elon Musk Is Making Things Worse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 14:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/as-risk-off-investors-exit-tesla-stock-elon-musk-is-making-things-worse/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Poster child Tesla(TSLA) stock isn’t the powerhouse people believe.Tesla's annual deliveries are tiny compared to competitors with much smaller market capitalizations.CEO Elon Musk isn’t helping his ...</p>\n\n<a href=\"https://investorplace.com/2022/06/as-risk-off-investors-exit-tesla-stock-elon-musk-is-making-things-worse/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://investorplace.com/2022/06/as-risk-off-investors-exit-tesla-stock-elon-musk-is-making-things-worse/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131761396","content_text":"Poster child Tesla(TSLA) stock isn’t the powerhouse people believe.Tesla's annual deliveries are tiny compared to competitors with much smaller market capitalizations.CEO Elon Musk isn’t helping his case with investors that are more risk-off now.If you look at thelargest of the large cap stocks, you will notice that all of them serve millions of customers around the world, with diverse product lines and huge revenues. Except one.Tesla(NASDAQ:TSLA).This company, which has the fifth largest market cap in the entire U.S. market, hasn’t even delivered1 million vehicles in a year. It’s been delivering cars for 14 years now and still hasn’t hit that mark.Do you think the market would be so generous to any other company that couldn’t ramp up production or sales faster than that?For comparison,Volkswagen(OTCMKTS:VWAGY) has a market cap about one-sixth the size of TSLA stock and itdelivered 4.9 millioncars last year. The Big Three are an order of magnitude-plus smaller than TSLA’s market cap.Toyota(NYSE:TM) delivered more than10 million carsand has an almost $230 billion market cap.Not only that, but these car companies have been doing this for generations. They have extensive supply chains to support older models, and almost any repair shop has access to parts.What’s more, these companies also have after-market parts suppliers that keep prices down on parts as well as allow DIYers to work on the cars themselves, which is a big deal if you expect a robust secondary market for your cars.There’s also the fact that since the pandemic a number of new EV makers have joined the game. Usually, when competitors join an industry with one leading player, that player is under greater competitive stress, since added competition means greater margin pressure.Not TSLA stock.TSLATesla$654.66TSLA Stocks Killer CEOIn the tech world you have killer apps. In the EV world it seems, you have one killer CEO, Elon Musk. He’s part genius, part showman, and Tesla doesn’t even have a PR or marketing department because its CEO does all the talking.It’s certainly entertaining. But now that the decade and half of quantitative easing is over and billionaire worship is waning, is he really the guy you want tweaking the U.S. Securities and Exchange Commission, taunting government officials and changing the subject whenever a question about one or more of his business ventures gets bogged down?I believe the people that fawn over Musk are the same people that still have Steve Jobs quotes on their walls.Apple(NASDAQ:AAPL) do or die is now TSLA do or die.And the same unquestioned belief in the black turtleneck-clad CEO is now being transferred to the next enigmatic billionaire with a good idea and guru-status deflection skills.What many of AAPL faithful forget is that AAPL almost disappeared from the fact of the Earth during Jobs’ early run as CEO. Its ascendency was a 21st century one. Its early days were a mess.The interesting thing is how the press generally falls in line with these uncrowned barons of industry. They can be willing apologists for these types of CEOs. And when blindly labelling everything they do as genius goes out of fashion, they simply move on to the next genius billionaire or captain of industry that craves attention.Idle Hands Versus FocusMany see Musk as the next Thomas Edison. He’s running a space company, a car company, a tunneling company and a solar company all while tweeting his views on every conceivable subject, fighting the SEC, and launching a controversial bid forTwitter(NYSE:TWTR). He holds forth on blockchain coins and anything else that comes to mind.And after his grandstanding TWTR move, analysts are starting to rethink their view of Musk. TSLA stock has dropped. TWTR stock has dropped. And as his tweets continue, it’s starting to look like Musk isn’t finding any traction.Now, he’sbacking out of the TWTRdeal for not doing proper due diligence before his grandstanding bid for the company. And of course, he’s blaming it on Twitter.This kind of erratic behavior isn’t attractive when you have a company with a $700 billion market cap.Just below TSLA stock’s market cap is Warren Buffett’s Berkshire Hathaway(NYSE:BRK-A, NYSE:BRK-B). Do you ever think he would pull something like this? Bill Gates? Jeff Bezos? Tim Cook?TSLA has very little short interest against it, so current shareholders can breathe easy, for now. But if there’s another down leg to this market, which seems very plausible, it’s a good idea to take profits soon.As for aspirational TSLA lovers, logic has defied you up to now. But if you haven’t bought in, I would wait a quarter or two.","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9090294348,"gmtCreate":1643188655313,"gmtModify":1676533783146,"author":{"id":"4099393287792190","authorId":"4099393287792190","name":"Sovereign 25","avatar":"https://static.tigerbbs.com/d7eb365f8ea0c086a4784035080acba6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4099393287792190","authorIdStr":"4099393287792190"},"themes":[],"htmlText":"With current management of GM, very unlikely GM will every relive it old glory. Downhill all the way till another chapter 11.","listText":"With current management of GM, very unlikely GM will every relive it old glory. Downhill all the way till another chapter 11.","text":"With current management of GM, very unlikely GM will every relive it old glory. Downhill all the way till another chapter 11.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090294348","repostId":"2206683778","repostType":2,"repost":{"id":"2206683778","pubTimestamp":1643181646,"share":"https://ttm.financial/m/news/2206683778?lang=&edition=fundamental","pubTime":"2022-01-26 15:20","market":"us","language":"en","title":"GM's $7 Billion Investment Intensifies EV Battle With Ford, Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2206683778","media":"StreetInsider","summary":"By Paul Lienert and David Shepardson(Reuters) -     General Motors Co said Tuesday it will invest $7","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/72bc254c1b819a8ff169be6130170979\" tg-width=\"200\" tg-height=\"115\" referrerpolicy=\"no-referrer\"/></p><p>By Paul Lienert and David Shepardson</p><p>(Reuters) -     General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with Detroit rival Ford Motor Co for EV supremacy in North America.</p><p>Both U.S. automakers, however, will have to contend with current leader Tesla, which will soon open a second U.S. plant in Austin, Texas, and is on pace to sell more than 1 million electric vehicles globally in 2022.</p><p>GM said its Detroit-Hamtramck and Orion Township plants will be able to build more than 600,000 electric trucks a year by late 2024, with three other plants in Tennessee, Ontario and Mexico boosting the company&#39;s total North America EV production capacity to more than a million units by late 2025.</p><p>In January, Ford said it will have the annual capacity to build 600,000 electric vehicles, including 150,000 F-150 Lightning pickups, within 24 months, when it aims to become &#34;the clear No. 2 electric vehicle maker in North America&#34; behind Tesla.</p><p>Last year, Ford said it would invest more than $11 billion in new electric truck and battery plants in Tennessee and Kentucky, along with Korean partner SK Innovation.</p><p>In a statement, GM Chief Executive Mary Barra on Tuesday said GM&#39;s latest investment &#34;solidifies our path toward U.S. EV leadership by mid-decade.&#34;</p><p>The investment includes $2.6 billion with Korean partner LG Energy Solution in a new battery cell plant in Lansing that will supply Orion Township and other GM assembly plants when it opens in late 2024.</p><p>GM also is spending $4 billion to overhaul and expand the Orion plant, which will build different variants of the new Chevrolet Silverado and GMC Sierra electric pickups, President Mark Reuss said in a media briefing.</p><p>Reuters previously reported many of the details of the new investment in Michigan.</p><p>Reuss declined to provide details on incentives provided by Michigan to secure the GM investments, which include more than $500 million in two Lansing plants that currently build combustion-engine vehicles. Michigan officials said the state contributed $824 million in incentives, in part to support 4,000 new GM jobs.</p><p>He also declined to say how much longer GM plans to build the Chevrolet Bolt EV and Bolt EUV at Orion. A GM press release said production of the two electric vehicles &#34;will continue during the plant&#39;s conversion.&#34;</p><p>The Lansing battery cell plant will be the third U.S. plant built by Ultium Cells, the GM-LG joint venture, which is also constructing similar facilities in Lordstown, Ohio, and Spring Hill. A fourth North American battery plant is planned.</p><p>GM said last June it would boost electric and autonomous vehicle spending to $35 billion through 2025, a 30% jump over its prior forecast.</p><p>(Reporting by Paul Lienert in Detroit; Editing by Nick Zieminski)</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GM's $7 Billion Investment Intensifies EV Battle With Ford, Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGM's $7 Billion Investment Intensifies EV Battle With Ford, Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-26 15:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19500571><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Paul Lienert and David Shepardson(Reuters) -     General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19500571\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4561":"索罗斯持仓","BK4555":"新能源车","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","GM":"通用汽车","BK4559":"巴菲特持仓","TSLA":"特斯拉","BK4527":"明星科技股","BK4566":"资本集团","BK4099":"汽车制造商","F":"福特汽车","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4534":"瑞士信贷持仓"},"source_url":"https://www.streetinsider.com/dr/news.php?id=19500571","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2206683778","content_text":"By Paul Lienert and David Shepardson(Reuters) -     General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with Detroit rival Ford Motor Co for EV supremacy in North America.Both U.S. automakers, however, will have to contend with current leader Tesla, which will soon open a second U.S. plant in Austin, Texas, and is on pace to sell more than 1 million electric vehicles globally in 2022.GM said its Detroit-Hamtramck and Orion Township plants will be able to build more than 600,000 electric trucks a year by late 2024, with three other plants in Tennessee, Ontario and Mexico boosting the company's total North America EV production capacity to more than a million units by late 2025.In January, Ford said it will have the annual capacity to build 600,000 electric vehicles, including 150,000 F-150 Lightning pickups, within 24 months, when it aims to become \"the clear No. 2 electric vehicle maker in North America\" behind Tesla.Last year, Ford said it would invest more than $11 billion in new electric truck and battery plants in Tennessee and Kentucky, along with Korean partner SK Innovation.In a statement, GM Chief Executive Mary Barra on Tuesday said GM's latest investment \"solidifies our path toward U.S. EV leadership by mid-decade.\"The investment includes $2.6 billion with Korean partner LG Energy Solution in a new battery cell plant in Lansing that will supply Orion Township and other GM assembly plants when it opens in late 2024.GM also is spending $4 billion to overhaul and expand the Orion plant, which will build different variants of the new Chevrolet Silverado and GMC Sierra electric pickups, President Mark Reuss said in a media briefing.Reuters previously reported many of the details of the new investment in Michigan.Reuss declined to provide details on incentives provided by Michigan to secure the GM investments, which include more than $500 million in two Lansing plants that currently build combustion-engine vehicles. Michigan officials said the state contributed $824 million in incentives, in part to support 4,000 new GM jobs.He also declined to say how much longer GM plans to build the Chevrolet Bolt EV and Bolt EUV at Orion. A GM press release said production of the two electric vehicles \"will continue during the plant's conversion.\"The Lansing battery cell plant will be the third U.S. plant built by Ultium Cells, the GM-LG joint venture, which is also constructing similar facilities in Lordstown, Ohio, and Spring Hill. A fourth North American battery plant is planned.GM said last June it would boost electric and autonomous vehicle spending to $35 billion through 2025, a 30% jump over its prior forecast.(Reporting by Paul Lienert in Detroit; Editing by Nick Zieminski)","news_type":1},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3479274787036362","authorId":"3479274787036362","name":"huuou","avatar":"https://static.laohu8.com/picture129","crmLevel":1,"crmLevelSwitch":0,"idStr":"3479274787036362","authorIdStr":"3479274787036362"},"content":"Can GM launch an impact on Tesla in the electric vehicle market? This will be whether the company's share price can rise in the future.","text":"Can GM launch an impact on Tesla in the electric vehicle market? This will be whether the company's share price can rise in the future.","html":"Can GM launch an impact on Tesla in the electric vehicle market? This will be whether the company's share price can rise in the future."}],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}