Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles_老虎社区_美港股上老虎

Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles

Investors2021-03-15

GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of ...

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Chounz
·2021-03-15
Yes, GM is good value stock
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Keatz
·2021-03-15
No
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1
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Jarodfoo
·2021-03-15
Nice
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2
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KelvinOngLah
·2021-03-15
[微笑]
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1
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Xiaomaomi
·2021-03-15
Nope
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1
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Jaywei
·2021-03-15
Buy
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1
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- Jaywei:
  Weeeee
  2021-03-15
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Janicetxy
·2021-03-15
👍🏻
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1
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- Janicetxy:
  Please help to respond to this comment. Thanks!
  2021-03-15
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- Jaywei:
  Weeeeee
  2021-03-15
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光辉岁月168
·2021-03-15
Sooner or later, all the traditional ICE manufacturer will shift to hybrid or EV...like it or not
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- JoeK:
  they need to follow or just diminish to nothingness
  2021-03-15
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Thanatael
·2021-03-15
[财迷]
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2
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MichaelBlade
·2021-03-15
Wow
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3
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Saintrade
·2021-03-15
A buy or b?
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2
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- AzuNyaa:
  buy. comment back to me too
  2021-03-15
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- Saintrade:
  Ok
  2021-03-16
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ainteasy
·2021-03-15
Buy
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4
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- AzuNyaa:
  pls comments back to this comment thx
  2021-03-15
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IceColdFist
·2021-03-15
[财迷] [财迷] [财迷]
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BKZH
·2021-03-15
To buy or not to buy pls comment and like
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- Meowtato:
  Up aNd up
  2021-03-15
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NatChua
·2021-03-15
Love!!
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2
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- BKZH:
  Much love
  2021-03-15
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Heypi
·2021-03-15
Wow! Like n comment plz! 🚀🚀🚀
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4
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- NatChua:
  Like mine too
  2021-03-15
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- Heypi:
  Thanks!
  2021-03-15
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TriciaChang
·2021-03-15
Buyyyy
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3
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- AzuNyaa:
  yes! comment back to me thx
  2021-03-15
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- TriciaChang:
  Ok
  2021-03-15
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- TriciaChang:
  Thxx
  2021-03-15
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Derrick3388
·2021-03-15
Come back strong
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3
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- KAA:
  yes
  2021-03-15
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Eddioh
·2021-03-15
Nice
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3
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wgod
·2021-03-15
Wew
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2
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- wgod:
  lit
  2021-03-20
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While hopes for blowout 2021General Motors' (GM) earnings and resumption of ...\n\n<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">网页链接</a>\n\n</div>\n","source":"lsy1610449120050","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>Is GM Stock A Buy? 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General Motors Makes Bullish Move As Tesla Struggles\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 21:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/research/gm-stock-buy-now/>Investors</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of ...\n\n<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GM","symbol_name":"通用汽车","start_time":0,"source_url":"https://www.investors.com/research/gm-stock-buy-now/","article_id":"1192178550","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","pubTimestamp":1615814052,"columns":[],"sourceInfo":{"source_id":"lsy1610449120050","name":"Investors"},"weMediaInfo":null,"summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GM":"通用汽车"},"translate_title":"通用汽车的股票是买入吗？Tesla陷入困境之际，通用汽车对Tesla持看涨态度","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GM":0.9},"content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":322499956,"gmtCreate":1615819155175,"gmtModify":1703493569344,"author":{"id":"3577323067833105","authorId":"3577323067833105","name":"Chounz","avatar":"https://static.tigerbbs.com/984ba0e3676b05b30a09c829b411eb2d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3577323067833105","authorIdStr":"3577323067833105"},"htmlText":"Yes, GM is good value stock&nbsp;","listText":"Yes, GM is good value stock&nbsp;","text":"Yes, GM is good value stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322499956","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322572802,"gmtCreate":1615818533906,"gmtModify":1703493549449,"author":{"id":"3573786450103912","authorId":"3573786450103912","name":"Keatz","avatar":"https://static.tigerbbs.com/1d9b7ee59cb880841cedfc6ffb49f187","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3573786450103912","authorIdStr":"3573786450103912"},"htmlText":"No","listText":"No","text":"No","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322572802","repostId":1192178550,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322555232,"gmtCreate":1615817810026,"gmtModify":1703493520536,"author":{"id":"3566785991987276","authorId":"3566785991987276","name":"Jarodfoo","avatar":"https://static.tigerbbs.com/f7ebc3aa8d7dbb290f660c5698fc6f63","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3566785991987276","authorIdStr":"3566785991987276"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322555232","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322556245,"gmtCreate":1615817721587,"gmtModify":1703493517768,"author":{"id":"3576971661973581","authorId":"3576971661973581","name":"KelvinOngLah","avatar":"https://static.tigerbbs.com/01a84acd79dccaf0095c7c6af8de7fce","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576971661973581","authorIdStr":"3576971661973581"},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322556245","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":322559601,"gmtCreate":1615817585803,"gmtModify":1703493511881,"author":{"id":"3574397541060708","authorId":"3574397541060708","name":"Xiaomaomi","avatar":"https://static.tigerbbs.com/006c591e7fa7b238bc02caf1ee9cdeec","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574397541060708","authorIdStr":"3574397541060708"},"htmlText":"Nope&nbsp;","listText":"Nope&nbsp;","text":"Nope","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322559601","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322565091,"gmtCreate":1615817077213,"gmtModify":1703493491632,"author":{"id":"3572467863337252","authorId":"3572467863337252","name":"Jaywei","avatar":"https://static.tigerbbs.com/beccce245458fd51f01db3fd362d9d9c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3572467863337252","authorIdStr":"3572467863337252"},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322565091","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3800185,"gmtCreate":1615817096291,"gmtModify":1635754142163,"authorId":3572467863337252,"author":{"id":3572467863337252,"idStr":"3572467863337252","authorId":3572467863337252,"name":"Jaywei","avatar":"https://static.tigerbbs.com/beccce245458fd51f01db3fd362d9d9c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322565091,"type":1,"supId":0,"prevId":0,"content":"Weeeee","text":"Weeeee","html":"Weeeee"}],"langContent":"EN"},{"id":322588357,"gmtCreate":1615816595179,"gmtModify":1703493472232,"author":{"id":"3567160842587234","authorId":"3567160842587234","name":"Janicetxy","avatar":"https://static.tigerbbs.com/63b856bdd08debeda5ded66d11e6ed08","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3567160842587234","authorIdStr":"3567160842587234"},"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322588357","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3800087,"gmtCreate":1615816621042,"gmtModify":1635754147446,"authorId":3567160842587234,"author":{"id":3567160842587234,"idStr":"3567160842587234","authorId":3567160842587234,"name":"Janicetxy","avatar":"https://static.tigerbbs.com/63b856bdd08debeda5ded66d11e6ed08","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322588357,"type":1,"supId":0,"prevId":0,"content":"Please help to respond to this comment. Thanks!","text":"Please help to respond to this comment. Thanks!","html":"Please help to respond to this comment. Thanks!"},{"id":3800183,"gmtCreate":1615817090234,"gmtModify":1635754142409,"authorId":3572467863337252,"author":{"id":3572467863337252,"idStr":"3572467863337252","authorId":3572467863337252,"name":"Jaywei","avatar":"https://static.tigerbbs.com/beccce245458fd51f01db3fd362d9d9c","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322588357,"type":1,"supId":0,"prevId":0,"content":"Weeeeee","text":"Weeeeee","html":"Weeeeee"}],"langContent":"EN"},{"id":322583271,"gmtCreate":1615816517993,"gmtModify":1703493469804,"author":{"id":"3554819591940598","authorId":"3554819591940598","name":"光辉岁月168","avatar":"https://static.tigerbbs.com/d49448839db6ec13a56ec95df9761db9","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3554819591940598","authorIdStr":"3554819591940598"},"htmlText":"Sooner or later, all the traditional ICE manufacturer will shift to hybrid or EV...like it or not","listText":"Sooner or later, all the traditional ICE manufacturer will shift to hybrid or EV...like it or not","text":"Sooner or later, all the traditional ICE manufacturer will shift to hybrid or EV...like it or not","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322583271","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3800984,"gmtCreate":1615821127520,"gmtModify":1635754104684,"authorId":3575261937306050,"author":{"id":3575261937306050,"idStr":"3575261937306050","authorId":3575261937306050,"name":"JoeK","avatar":"https://static.tigerbbs.com/162445e8b6a553bd412b8a06e3f44c9e","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322583271,"type":1,"supId":0,"prevId":0,"content":"they need to follow or just diminish to nothingness","text":"they need to follow or just diminish to nothingness","html":"they need to follow or just diminish to nothingness"}],"langContent":"EN"},{"id":322595476,"gmtCreate":1615815573395,"gmtModify":1703493433952,"author":{"id":"3568178322351914","authorId":"3568178322351914","name":"Thanatael","avatar":"https://static.tigerbbs.com/98a0b6cbd9839e8f54549bbeb4b97fe4","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3568178322351914","authorIdStr":"3568178322351914"},"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322595476","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":322596698,"gmtCreate":1615815521014,"gmtModify":1703493429966,"author":{"id":"3574241898440153","authorId":"3574241898440153","name":"MichaelBlade","avatar":"https://static.tigerbbs.com/6317a928cb6941f88729518819c7aa7d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574241898440153","authorIdStr":"3574241898440153"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322596698","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322593606,"gmtCreate":1615815393405,"gmtModify":1703493425984,"author":{"id":"3577131990335289","authorId":"3577131990335289","name":"Saintrade","avatar":"https://static.tigerbbs.com/0586ed865bb515fc4dd23fea4fa2590d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3577131990335289","authorIdStr":"3577131990335289"},"htmlText":"A buy or b?","listText":"A buy or b?","text":"A buy or b?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322593606","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3799925,"gmtCreate":1615815796029,"gmtModify":1635754154618,"authorId":3560894228634455,"author":{"id":3560894228634455,"idStr":"3560894228634455","authorId":3560894228634455,"name":"AzuNyaa","avatar":"https://static.tigerbbs.com/e65996a02c73a885a74a5e91062fa07e","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322593606,"type":1,"supId":0,"prevId":0,"content":"buy. comment back to me too","text":"buy. comment back to me too","html":"buy. comment back to me too"},{"id":3802424,"gmtCreate":1615847164842,"gmtModify":1635754038555,"authorId":3577131990335289,"author":{"id":3577131990335289,"idStr":"3577131990335289","authorId":3577131990335289,"name":"Saintrade","avatar":"https://static.tigerbbs.com/0586ed865bb515fc4dd23fea4fa2590d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322593606,"type":1,"supId":3799925,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":322590370,"gmtCreate":1615815294090,"gmtModify":1703493422177,"author":{"id":"3557274000355171","authorId":"3557274000355171","name":"ainteasy","avatar":"https://static.tigerbbs.com/8100bb2479de560ec4f349fc5fc56838","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3557274000355171","authorIdStr":"3557274000355171"},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322590370","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3799928,"gmtCreate":1615815831948,"gmtModify":1635754154374,"authorId":3560894228634455,"author":{"id":3560894228634455,"idStr":"3560894228634455","authorId":3560894228634455,"name":"AzuNyaa","avatar":"https://static.tigerbbs.com/e65996a02c73a885a74a5e91062fa07e","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322590370,"type":1,"supId":0,"prevId":0,"content":"pls comments back to this comment thx","text":"pls comments back to this comment thx","html":"pls comments back to this comment thx"}],"langContent":"EN"},{"id":322502287,"gmtCreate":1615815180649,"gmtModify":1703493416465,"author":{"id":"3574976836313552","authorId":"3574976836313552","name":"IceColdFist","avatar":"https://static.tigerbbs.com/1f730eb3b59a0f9ec7ee2312637048a4","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3574976836313552","authorIdStr":"3574976836313552"},"htmlText":"[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"[财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322502287","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":322502056,"gmtCreate":1615815146075,"gmtModify":1703493415601,"author":{"id":"3572945992604664","authorId":"3572945992604664","name":"BKZH","avatar":"https://static.tigerbbs.com/3e399456296d456e84f8cea78347bf08","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3572945992604664","authorIdStr":"3572945992604664"},"htmlText":"To buy or not to buy pls comment and like&nbsp;","listText":"To buy or not to buy pls comment and like&nbsp;","text":"To buy or not to buy pls comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322502056","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3799844,"gmtCreate":1615815396132,"gmtModify":1635754159371,"authorId":3555328792114234,"author":{"id":3555328792114234,"idStr":"3555328792114234","authorId":3555328792114234,"name":"Meowtato","avatar":"https://static.tigerbbs.com/9b088243bafe7a6e5f4eb9fba492b1d8","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322502056,"type":1,"supId":0,"prevId":0,"content":"Up aNd up ","text":"Up aNd up ","html":"Up aNd up "}],"langContent":"EN"},{"id":322500956,"gmtCreate":1615814710675,"gmtModify":1703493406788,"author":{"id":"3571693844578184","authorId":"3571693844578184","name":"NatChua","avatar":"https://static.tigerbbs.com/8ef8ab775a2f944464518c6643d9628d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571693844578184","authorIdStr":"3571693844578184"},"htmlText":"Love!!","listText":"Love!!","text":"Love!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322500956","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3799815,"gmtCreate":1615815160189,"gmtModify":1635754160970,"authorId":3572945992604664,"author":{"id":3572945992604664,"idStr":"3572945992604664","authorId":3572945992604664,"name":"BKZH","avatar":"https://static.tigerbbs.com/3e399456296d456e84f8cea78347bf08","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322500956,"type":1,"supId":0,"prevId":0,"content":"Much love ","text":"Much love ","html":"Much love "}],"langContent":"EN"},{"id":322277435,"gmtCreate":1615814681927,"gmtModify":1703493406616,"author":{"id":"3568243598509522","authorId":"3568243598509522","name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3568243598509522","authorIdStr":"3568243598509522"},"htmlText":"Wow! Like n comment plz!&nbsp;🚀🚀🚀","listText":"Wow! Like n comment plz!&nbsp;🚀🚀🚀","text":"Wow! Like n comment plz! 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322277435","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3799754,"gmtCreate":1615814798989,"gmtModify":1635754165025,"authorId":3571693844578184,"author":{"id":3571693844578184,"idStr":"3571693844578184","authorId":3571693844578184,"name":"NatChua","avatar":"https://static.tigerbbs.com/8ef8ab775a2f944464518c6643d9628d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322277435,"type":1,"supId":0,"prevId":0,"content":"Like mine too","text":"Like mine too","html":"Like mine too"},{"id":3799772,"gmtCreate":1615814894558,"gmtModify":1635754164289,"authorId":3568243598509522,"author":{"id":3568243598509522,"idStr":"3568243598509522","authorId":3568243598509522,"name":"Heypi","avatar":"https://static.tigerbbs.com/ea2aee4674a395e46e977f707c6a0b79","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322277435,"type":1,"supId":3799754,"prevId":0,"content":"Thanks!","text":"Thanks!","html":"Thanks!"}],"langContent":"EN"},{"id":322277931,"gmtCreate":1615814655923,"gmtModify":1703493405232,"author":{"id":"3560421500323385","authorId":"3560421500323385","name":"TriciaChang","avatar":"https://static.tigerbbs.com/5cb6619edb253a8bb8b2776c7d9b0e02","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3560421500323385","authorIdStr":"3560421500323385"},"htmlText":"&nbsp;Buyyyy","listText":"&nbsp;Buyyyy","text":"Buyyyy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/322277931","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3799927,"gmtCreate":1615815810686,"gmtModify":1635754154498,"authorId":3560894228634455,"author":{"id":3560894228634455,"idStr":"3560894228634455","authorId":3560894228634455,"name":"AzuNyaa","avatar":"https://static.tigerbbs.com/e65996a02c73a885a74a5e91062fa07e","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322277931,"type":1,"supId":0,"prevId":0,"content":"yes! comment back to me thx","text":"yes! comment back to me thx","html":"yes! comment back to me thx"},{"id":3800123,"gmtCreate":1615816765794,"gmtModify":1635754145617,"authorId":3560421500323385,"author":{"id":3560421500323385,"idStr":"3560421500323385","authorId":3560421500323385,"name":"TriciaChang","avatar":"https://static.tigerbbs.com/5cb6619edb253a8bb8b2776c7d9b0e02","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322277931,"type":1,"supId":3799927,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":3800338,"gmtCreate":1615817848743,"gmtModify":1635754136096,"authorId":3560421500323385,"author":{"id":3560421500323385,"idStr":"3560421500323385","authorId":3560421500323385,"name":"TriciaChang","avatar":"https://static.tigerbbs.com/5cb6619edb253a8bb8b2776c7d9b0e02","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322277931,"type":1,"supId":0,"prevId":0,"content":"Thxx","text":"Thxx","html":"Thxx"}],"langContent":"EN"},{"id":322272688,"gmtCreate":1615814475544,"gmtModify":1703493402119,"author":{"id":"3571122265542784","authorId":"3571122265542784","name":"Derrick3388","avatar":"https://static.tigerbbs.com/fdb5ce05320a1a446ab0d788b0368648","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3571122265542784","authorIdStr":"3571122265542784"},"htmlText":"Come back strong&nbsp;","listText":"Come back strong&nbsp;","text":"Come back strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322272688","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3799732,"gmtCreate":1615814626982,"gmtModify":1635754165865,"authorId":3559463058961788,"author":{"id":3559463058961788,"idStr":"3559463058961788","authorId":3559463058961788,"name":"KAA","avatar":"https://static.tigerbbs.com/23db99f7b325682a57ca5bf9aae55a4e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322272688,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"}],"langContent":"EN"},{"id":322272804,"gmtCreate":1615814474108,"gmtModify":1703493401773,"author":{"id":"3570884168542130","authorId":"3570884168542130","name":"Eddioh","avatar":"https://static.tigerbbs.com/1d108cd23a6dcc7d3a1131ff3615e300","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3570884168542130","authorIdStr":"3570884168542130"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322272804","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322278916,"gmtCreate":1615814305335,"gmtModify":1703493398478,"author":{"id":"3570322180392863","authorId":"3570322180392863","name":"wgod","avatar":"https://static.tigerbbs.com/4ab0dbb8248aee5de7b601da12605bdc","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3570322180392863","authorIdStr":"3570322180392863"},"htmlText":"Wew","listText":"Wew","text":"Wew","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322278916","repostId":1192178550,"repostType":4,"repost":{"id":"1192178550","kind":"news","pubTimestamp":1615814052,"share":"https://www.laohu8.com/m/news/1192178550?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:14","market":"us","language":"en","title":"Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192178550","media":"Investors","summary":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pr","content":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>","source":"lsy1610449120050","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>Is GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nIs GM Stock A Buy? General Motors Makes Bullish Move As Tesla Struggles<blockquote>通用汽车股票值得买入吗？通用汽车在特斯拉陷入困境之际采取看涨举措</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nInvestors2021-03-15 21:14\n\n</h4>\n</header>\n<article>\nGM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.<blockquote>尽管特斯拉等炙手可热的纯电动汽车公司最近几周面临一些压力，但通用汽车股价仍强劲走高。虽然2021年井喷的希望通用汽车由于全球芯片短缺，通用汽车的盈利和恢复派息受到阻碍，通用汽车继续加速对电动和自动驾驶汽车的投资。</blockquote> Meanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.<blockquote>与此同时，通用汽车的企业重塑应该会继续快速进行，许多预期的里程碑和意外的潜力可能会成为通用汽车股票的催化剂。</blockquote> GM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.<blockquote>通用汽车准备在秋季推出三款新型乘用电动汽车。其中包括备受关注的悍马电动汽车，以及更新的雪佛兰Bolt和SUV版本的Bolt。到2021年底，通用汽车将向联邦快递交付500辆EV600商用货车中的第一辆。</blockquote> More van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed — &nbsp;and begin taking reservations. So is now a good time to buy GM stock?<blockquote>更多的货车订单、更多的企业合作伙伴关系（例如本田使用Ultium EV电池）以及有关计划推出的广泛电动汽车车队的更多披露可能会为通用汽车股票提供燃料。4月3日，在NCAA篮球锦标赛期间，通用汽车将展示其悍马SUV（带有封闭式货舱的超级卡车版本）并开始接受预订。那么现在是购买通用汽车股票的好时机吗？</blockquote> GM Stock Priced Like An Underdog<blockquote>通用汽车股票定价像失败者</blockquote> GM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.<blockquote>通用汽车表示，它正在走向电动汽车领域的前沿，但它的定价似乎仍然处于劣势。</blockquote> As of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.<blockquote>截至3月9日，通用汽车股票的市值为850亿美元，而去年为6660亿美元特斯拉(TSLA)，尽管第四季度销量约为特斯拉的3.5倍。</blockquote> Yet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.<blockquote>然而，通用汽车的大部分销量都是内燃机(ICE)汽车。通用汽车1月18日宣布，到2035年，该业务可能会被报废。</blockquote> That blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.<blockquote>这一重磅消息促使摩根士丹利分析师亚当·乔纳斯(Adam Jonas)将通用汽车ICE业务的贴现价值削减至零。然而，华尔街分析师继续对其电动汽车、自动驾驶和燃料电池的未来充满信心，这是推动股东价值的关键。基于通用汽车其他零部件价值的不断增加，乔纳斯同时将通用汽车股票的目标价从57上调至80。</blockquote> GM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.<blockquote>通用汽车的转型并非没有风险。由于通用汽车主要通过ICE利润为自己提供资金，包括特斯拉和许多中国竞争对手在内的纯电动汽车制造商通过发行股票积累了巨额电动汽车资金。同时，丰田（TM）和电动汽车电池启动量子景观(QS)强调了他们在固态电动汽车电池方面取得的各自进展，该电池有可能提供更快的充电速度、更长的距离和更高的安全性。</blockquote> Apple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.<blockquote>苹果(AAPL)拥有更多资源，也在努力实现自己的电动汽车电池突破，据报道可能会在2024年生产电动自动驾驶汽车。</blockquote> It's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.<blockquote>很难知道通用汽车在电动汽车领域的地位，因为如此重大的技术突破可能要到十年中期或更晚才能准备好投入生产线。与此同时，通用汽车还对其下一代锂金属电动汽车电池做出了一些令人震惊的声明。</blockquote> EV Transition<blockquote>电动汽车转型</blockquote> On Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.<blockquote>11月19日，通用汽车规划了到2025年在全球推出30款电动汽车车型的道路，同时超额完成之前100万辆电动汽车销量的目标，并实现电动汽车电池成本大幅降低和效率提升。</blockquote> GM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.<blockquote>通用汽车加速转型，今年将在电动和自动驾驶汽车上投资70亿美元，到2025年将投资270亿美元。这可能包括与合作伙伴LG化学建造的第二家电动汽车电池工厂，该工厂可能会在未来几个月内宣布。</blockquote> Barra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.<blockquote>巴拉表示，通用汽车将通过保持一体化战略，从共享工程、制造、营销和企业成本中实现20亿美元的成本效率。这让华尔街分析师平静下来，他们一直在推动通用汽车剥离其电动汽车业务，以更好地与特斯拉竞争。</blockquote> Barra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.<blockquote>Barra还表示，通用汽车灵活的Ultium EV架构帮助将车辆开发时间缩短了近50%。她表示，凯迪拉克Lyriq SUV的上市时间已比最初宣布的日期提前了约9个月。通用汽车将加快12款电动车型的上市时间，其中一些车型的上市时间长达40个月。</blockquote> \"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.<blockquote>Barra表示：“我们致力于争夺电动汽车市场份额，直到成为北美第一，实现与ICE业务相似或更高的利润率，并超过我们之前到十年中期在全球销售100万辆汽车的目标。”</blockquote> GM Stock Chart Technical Analysis<blockquote>通用汽车股票图表技术分析</blockquote> GM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.<blockquote>由于悍马电动汽车的推出以及电动汽车工厂和生产计划的加强，通用汽车股价在10月和11月飙升。</blockquote> Shares subsequently pulled back on its&nbsp;dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.<blockquote>随后，股价因与尼古拉的交易大幅缩减而回落。然而，通用汽车股价两次在10周线和50日线找到支撑。IBDSwingTrader利用了早期进场点，在通用汽车股价突破12月23日盘中高点时建立了头寸，该高点是首次反弹至50日线上方。</blockquote> On Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.<blockquote>1月12日，通用汽车披露了其电动商用送货车和物流初创公司Brightdrop的存在，令华尔街感到惊讶，通用汽车股价突破了更传统的46.81买入点，比11月24日的高点高出10美分。通用汽车股价上涨6.2%，收于47.81点，突破2017年10月46.76点的历史高点。</blockquote> Meanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's&nbsp;Cruise autonomous vehicle unit.<blockquote>与此同时，1月19日有消息称，势头仍在继续微软（MSFT）已加入通用汽车Cruise自动驾驶汽车部门的新一轮投资。</blockquote> GM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.<blockquote>通用汽车股价随后于2月8日创下57.05美元的新高，克服了首份有关芯片短缺将导致部分生产停滞不前的报道。</blockquote> While GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.<blockquote>尽管通用汽车股价因盈利和股市普遍波动而回落，但它在50日移动平均线处找到了支撑。</blockquote> On March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.<blockquote>3月12日，通用汽车股价飙升至59.25点，清除了57.15点买入点，比2月8日高点高出10美分。尽管基数偏空，但通用汽车股价自1月21日触及56.97点的中期高点以来一直在盘整。</blockquote> However, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.<blockquote>然而，通用汽车股价比10周线高出13%，因此从这个角度来看，它看起来有点延伸。这使得股价更有可能测试其买入点。</blockquote> As of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.<blockquote>截至3月12日，通用汽车股票的相对强度评级为86，这意味着它在过去12个月内的表现优于所有股票的86%。</blockquote> Therelative strength line, which shows how GM stock performs vs. the S&amp;P 500 index, is back to a two-plus year high.<blockquote>显示通用汽车股票相对于标普500指数表现的相对强弱线回到了两年多的高点。</blockquote> <img src=\"https://static.tigerbbs.com/06cb85c04a0f9a37a5b1d34c02be7448\" tg-width=\"809\" tg-height=\"411\">General Motors Earnings And Sales Trends<blockquote>通用汽车盈利和销售趋势</blockquote> After a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.<blockquote>在经历了坎坷的几年后，由于UAW罢工、中国销售疲软和Covid-19，在销售强劲和成本削减的帮助下，通用汽车的盈利似乎在2020年下半年出现了转机。</blockquote> Then, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.<blockquote>然后，在第四季度，通用汽车的每股收益超出了预期，飙升至1.93美元，而一年前仅为每股5美分，这得益于其全尺寸SUV的推出。一年前的时期受到了UAW罢工的影响。如果不是高田安全气囊充气机召回导致59美分的打击，通用汽车第四季度每股收益会更好。</blockquote> Sales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.<blockquote>第四季度销售额保持增长。通用汽车在美国的交付量增至771,323辆，同比增长5%。通用汽车表示，随着平均交易价格升至创纪录的41,886美元，该公司获得了市场份额。</blockquote> Meanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.<blockquote>与此同时，通用汽车在中国的销量在经历了几年的疲软之后，连续第二个季度保持增长。通用汽车及其中国合资伙伴的交付量增长了14%，达到954,325辆。</blockquote> GM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.<blockquote>通用汽车表示，预计2021年每股收益为4.50-5.25美元，而2020年为4.90美元。芯片短缺可能导致2021年营业利润减少20亿美元。</blockquote> Brightdrop<blockquote>Brightdrop</blockquote> Brightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.<blockquote>Brightdrop首批500辆EV600送货车每次充电可行驶250英里，将运往联邦快递（FDX）。这家全球快递巨头还测试了Brightdrop的EP1 pallet电动托盘，该托盘旨在短距离移动重达200磅的货物。联邦快递表示，在第一次试点中，其司机每天能够多处理25%的包裹。</blockquote> GM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.<blockquote>通用汽车表示，将投资8亿美元装备其在加拿大的一家工厂，以便在2021年底前生产EV600。</blockquote> GM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.<blockquote>通用汽车表示，预计到2025年，美国包裹、食品配送和逆向物流将出现8500亿美元的巨大市场机会。</blockquote> The timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.<blockquote>在乔·拜登总统发布行政命令用电动汽车取代政府645,000辆汽车之后，其商用电动汽车的推出时机看起来更好。</blockquote> Subsequently, Merchants Fleet announced an order for 12,600 EV600 vans.<blockquote>随后，招商车队宣布订购1.26万辆EV600厢式货车。</blockquote> Ford(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.<blockquote>福特(F)还将于2021年底推出其广受欢迎的Transit货车的电动版本。主力集团(WKHS)和Rivian也是电动送货车公司。</blockquote> GM's 'Stable Of Unicorns'<blockquote>通用汽车的“独角兽稳定”</blockquote> Even before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"<blockquote>甚至在Brightdrop新闻发布之前，摩根士丹利的乔纳斯就曾称通用汽车拥有“一群独角兽”。</blockquote> In a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.<blockquote>乔纳斯在1月19日的一份报告中表示，通用汽车的电动汽车业务每股通用汽车股票价值52美元，而其在Cruise的控股权价值10美元。</blockquote> GM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.<blockquote>通用汽车的Ultium电动汽车电池本身也已成为一项业务。4月，通用汽车与本田汽车(HMC)将联合开发两款使用通用汽车Ultium电池的本田电动汽车。Jonas估计Ultium电池平台每股价值10美元。</blockquote> GM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.<blockquote>通用汽车的OnStar通信和安全系统已宣布进军保险业务，其Super Cruise驾驶员辅助技术为每月经常性收入来源的增长提供了机会。乔纳斯对通用汽车互联服务的估值为每股16美元。</blockquote> He also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).<blockquote>他还附上了通用汽车中国合资企业（5美元）、克尔维特品牌（5美元）和通用汽车金融（7美元）的每股估值。</blockquote> He derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.<blockquote>他通过减去净债务、养老金负债和20%的部分总和折扣得出了通用汽车股票80美元的目标价。</blockquote> Jonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.<blockquote>乔纳斯没有具体说明其他企业的任何估值，包括通用汽车的Hydrotec燃料电池业务。在他发表报告后的一周，通用汽车宣布与Navistar（NAV）为长途卡车供应燃料电池。货运公司J.B.追捕(JBHT)将成为Navistar试点计划的第一个客户，测试将于2022年底开始。</blockquote> That followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.<blockquote>此前，通用汽车缩减了向尼古拉（NKLA）。然而，尼古拉的声誉受到打击，其创始人因被指控为小贩甚至更糟而离开了公司，前景仍然蒙上阴影。</blockquote> In June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.<blockquote>6月，通用汽车防务部门赢得了一份价值2.14亿美元的合同，这是其首次赢得合同，为美国制造步兵班车辆。陆军基于雪佛兰科罗拉多ZR2中型卡车架构。</blockquote> Hummer EV Buzz<blockquote>悍马EV嗡嗡声</blockquote> GM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.<blockquote>通用汽车在世界职业棒球大赛期间推出了悍马电动卡车，宣称“其机动性和牵引力与通用汽车提供的任何产品都不同”。悍马的CrabWalk模式允许它对角移动以通过狭窄的越野点，很快就像病毒一样传播开来。</blockquote> The Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.<blockquote>悍马电动汽车将于今年秋天上市，将与特斯拉Cybertruck展开竞争。通用汽车表示，悍马电动汽车充满电后可行驶450英里，三秒内可行驶60英里/小时。悍马还将与即将推出的电动卡车竞争福特(F)及亚马逊（AMZN）支持的Rivian。</blockquote> The Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.<blockquote>Rivian RT1预计将在通用悍马之前发布，但特斯拉Cybertruck可能要到2022年才会推出。</blockquote> Prices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.<blockquote>最初悍马EV版本的起价为112,595美元。通用汽车表示，悍马电动汽车的所有可用预订在10分钟内售罄。据报道，通用汽车收到了10,000份预订单，并正在考虑提高生产计划。</blockquote> GM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.<blockquote>通用汽车计划在未来几年推出更便宜的悍马电动版本。AutoNews报道称，通用汽车可能会在2023年初开始生产悍马SUV，目标年产量为5万辆。</blockquote> General Motors' Ultium Battery Future<blockquote>通用汽车Ultium电池的未来</blockquote> GM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.<blockquote>通用汽车有一个难题需要解决：它如何在仍然相对较小的电动汽车市场中广泛竞争，走向全电动未来，而又不浪费其财务实力？答案来自于3月4日推出的Ultium电池和灵活平台。</blockquote> The Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.<blockquote>Ultium的与众不同之处在于它能够在电池组中垂直或水平堆叠，以优化每辆车的布局。据说最大的电池组充满电后可行驶450英里。该平台可以容纳各种卡车、SUV和轿车。</blockquote> The first generation of GM's coming EV lineup \"will be profitable,\" the company said.&nbsp;Since then, GM has detailed a much more complete vision of its EV future.<blockquote>该公司表示，通用汽车即将推出的第一代电动汽车系列“将会盈利”。自那以后，通用汽车详细描述了其电动汽车未来更加完整的愿景。</blockquote> In September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.<blockquote>9月，通用汽车公布了生产内部设计的电力驱动系统的战略，以提供成本和性能优势。五个驱动单元和三个电机将提供动力和多功能性，可与计划到2023年生产的约20种不同电动汽车的全系列配合使用。</blockquote> Ultium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"<blockquote>通用汽车表示，Ultium驱动系统将比当前车型反应更灵敏，使用“精确扭矩控制”来实现平稳的性能。与本田的交易创造了一种合作模式，通用汽车希望这种模式能够吸引其他竞争对手。巴拉表示，向竞争对手汽车制造商提供通用汽车技术将扩大“规模，以降低电池和燃料电池成本并提高盈利能力”。</blockquote> Now GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.<blockquote>现在，通用汽车强调了其下一代Ultium电池化学测试的进展。通用汽车产品开发主管道格·帕克斯(Doug Parks)表示：“我们相信，我们今天正处于电池成本前沿，我们打算为未来设定步伐。”</blockquote> GM Cruise Vs. Tesla And Alphabet Waymo<blockquote>通用Cruise与特斯拉和Alphabet Waymo</blockquote> On Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.<blockquote>1月19日，通用汽车宣布与微软建立合作伙伴关系，以加速自动驾驶汽车的商业化。微软与通用汽车、本田和机构投资者一起参与了Cruise的20亿美元融资。</blockquote> The investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.<blockquote>这项投资给Cruise带来了300亿美元的隐含估值，高于2019年5月的190亿美元。摩根大通分析师瑞安·布林克曼(Ryan Brinkman)估计，通用汽车的股份目前价值190亿美元，高于119亿美元。</blockquote> In November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.<blockquote>11月，Cruise开始在旧金山部分地区测试五辆无人驾驶汽车。初步结果似乎是积极的。2月9日，Cruise总裁凯尔·沃格特(Kyle Vogt)在推特上表示，一旦脱离自动驾驶功能，Cruise第四季度在加利福尼亚州在没有安全驾驶员的情况下行驶了20万英里。</blockquote> Cruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.<blockquote>巴拉在第四季度收益看涨期权上保证，Cruise的商业推出“不是几年后的事”。</blockquote> On Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.<blockquote>11月10日，沃尔玛(WMT)宣布在亚利桑那州斯科茨代尔与Cruise进行试点测试，允许非接触式客户交付。</blockquote> In January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.<blockquote>2020年1月，通用汽车推出了无方向盘的六座Cruise Origin电动汽车。</blockquote> Apple,Alphabet(GOOGL)-unit Waymo,&nbsp;Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.<blockquote>苹果,Alphabet（GOOGL）-Waymo部门，优步（优步），福特(F)和特斯拉是自动驾驶汽车市场上众多资金雄厚的竞争对手之一。</blockquote> GM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.<blockquote>通用汽车于2016年以11亿美元收购了Cruise Automation。2018年，本田同意在12年内再投资20亿美元。</blockquote> Tesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.<blockquote>与此同时，特斯拉向部分驾驶员发布了新的全自动驾驶测试版。但尽管有这个名字，特斯拉FSD仍然是一个2级的动手系统，而Cruise和Waymo是4级。</blockquote> Is GM Stock A Buy?<blockquote>通用汽车股票值得买入吗？</blockquote> The technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.<blockquote>通用汽车股票的技术面已显着改善。其89IBD综合评级与特斯拉的94评级相差不远。IBD研究表明，历史上的股票赢家在大涨开始时的综合评级通常至少为95。</blockquote> Still, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.<blockquote>尽管如此，基本指标并不能说明全部情况。新冠疫情对盈利的打击、重组和罢工都已成为过去。芯片短缺导致产量下降的问题应该会在2021年晚些时候得到缓解，但通用汽车的传统业务面临长期下滑。最大的未知数是通用汽车能够在多大程度上跟上特斯拉的步伐，后者的目标是在三年内将其电动汽车的价格降至25,000美元，以及其他处于电动汽车电池开发前沿的公司（包括苹果）。</blockquote> Investors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.<blockquote>投资者应该意识到，通用汽车股票是一只混合股票，依靠当今燃气SUV的利润为电动汽车的未来铺平道路。毫无疑问，存在很多执行风险和不确定性，但通用汽车似乎执行得很好，华尔街看到了很多发展前景。如果分析师将通用汽车视为具有高增长潜力的“稳定的独角兽”，他们可能会开始使用更讨人喜欢的视角来评估未来收益。</blockquote> Bottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.<blockquote>底线：通用汽车股票处于买入区域，但也远高于10周线。强劲的技术行动、改善的基本面和更光明的电动汽车未来都表明通用汽车股票值得考虑。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.investors.com/research/gm-stock-buy-now/\">Investors</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"https://www.investors.com/research/gm-stock-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192178550","content_text":"GM stock is powering higher strong, even as red-hot EV pure plays like Tesla have come under some pressure in recent weeks. While hopes for blowout 2021General Motors' (GM) earnings and resumption of a dividend have been set back by the global chip shortage, GM continues to accelerate investment in electric and autonomous vehicles.\nMeanwhile, GM's corporate reinvention should continue apace, with a number of expected milestones and potential for the unexpected that could serve as catalysts for GM stock.\nGM is preparing to launch three new passenger EVs by fall. That includes the buzzworthy Hummer EV, as well as an updated Chevy Bolt and SUV version of the Bolt. By late 2021, GM will deliver its first of 500 EV600 commercial van to FedEx.\nMore van orders, more corporate partnerships like Honda's use of the Ultium EV battery, and more revelations about the broad fleet of EVs slated for launch could provide fuel for GM stock. On April 3, during the NCAA basketball tournament, GM is set to reveal its Hummer SUV — a version of the supertruck with an enclosed cargo bed —  and begin taking reservations. So is now a good time to buy GM stock?\nGM Stock Priced Like An Underdog\nGM says it's headed for the front of the EV pack, yet it still appears priced like an underdog.\nAs of March 9, GM stock had a market cap of $85billion compared to $666 billion forTesla(TSLA), despite having roughly 3.5 times Tesla's sales in the fourth quarter.\nYet the bulk of those GM sales are for internal-combustion-engine (ICE) vehicles. That business could be headed for the scrap heap by 2035, GM announced on Jan. 18.\nThat blockbuster news prompted Morgan Stanley analyst Adam Jonas to cut his discounted value for GM's ICE business to zero. Yet Wall Street analysts continue to gain confidence in its EV, self-driving and fuel-cell future, and that's the key to driving shareholder value. Jonas simultaneously hiked his price target for GM stock to 80 from 57 based on the increasing value of General Motors' other parts.\nGM's transition isn't without risk. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals havebuilt up huge EV war chests by issuing stock. Meanwhile,Toyota(TM) and EV battery startupQuantumScape(QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.\nApple(AAPL), with far greater resources, also is working toward its own EV battery breakthrough and could reportedly produce an electric, autonomous vehicle in 2024.\nIt's hard to know where GM stands in the EV hierarchy, because such big technology breakthroughs may not be ready for the production line until mid-decade or later. Meanwhile, GM also has made some head-turning claims about itsnext-generation lithium-metal EV battery.\nEV Transition\nOn Nov. 19, GM mapped out its road to launching 30 EV models globally by 2025, while topping its prior goal of 1 million EV sales and achieving big EV battery cost-reductions and efficiency gains.\nGM's accelerated transformation will see it invest $7 billion in electric and autonomous vehicles this year and $27 billion by 2025. That could include asecond EV battery factorybuilt with partner LG Chem, which may be announced in coming months.\nBarra said GM will realize $2 billion in cost efficiencies from shared engineering, manufacturing, marketing and corporate cost by maintaining an integrated strategy. That quieted Wall Street analysts who had been pushing for GM to spin off its EV business to better compete with Tesla.\nBarra also said that GM's flexible Ultium EV architecture has helped cut vehicle development time by nearly 50%. She said the launch of the Cadillac Lyriq SUV had been moved up about nine months from the date initially announced.GM will speed up the launch timing of 12 EV models, some by as much as 40 months.\n\"We're committed to fighting for EV market share until we are number one in North America, achieving margins similar to or higher than our ICE business and exceeding our previous target of selling 1 million vehicles globally by mid-decade,\" Barra said.\nGM Stock Chart Technical Analysis\nGM stock soared in October and November on the Hummer EV launch and stepped-up EV factory and production plans.\nShares subsequently pulled back on its dramatically scaled-back deal with Nikola. Yet GM stock twice found support at its 10-week and 50-day line. IBDSwingTradertook advantage of an early entry point, establishing a position as GM stock cleared its Dec. 23 intraday high that came on the first bounce above its 50-day line.\nOn Jan. 12, as GM surprised Wall Street by revealing the existence of Brightdrop, its EV commercial delivery vehicle and logistics startup, GM stock broke through a more traditional 46.81buy point, 10 cents above its Nov. 24 high. General Motors stock jumped 6.2% to close at 47.81, breaking above the October 2017 all-time high of 46.76.\nMeanwhile, momentum continued amid news on Jan. 19 thatMicrosoft(MSFT) had joined a new investment round in GM's Cruise autonomous vehicle unit.\nGM stock subsequently hit a new high of 57.05 on Feb. 8, overcoming its first report that a chip shortage would sideline some production.\nWhile GM stock pulled back on earnings and amid broader stock market volatility, it found support at its 50-day moving average.\nOn March 12, GM stock surged to 59.25, clearing 57.15 buy point, 10 cents above the Feb. 8 high. Although the base is on the short side, GM stock has been consolidating since it touched an interim high of 56.97 on Jan. 21.\nHowever, GM stock is 13% above its 10-week line, so it looks a little extended from that perspective. That makes it more likely that shares could test their buy point.\nAs of March 12, GM stock sported an 86Relative Strength Rating, meaning it has outperformed 86% of all stocks over the past 12 months.\nTherelative strength line, which shows how GM stock performs vs. the S&P 500 index, is back to a two-plus year high.\nGeneral Motors Earnings And Sales Trends\nAfter a bumpy few years, thanks to a UAW strike, soft sales in China and Covid-19, General Motors earnings appeared to turn the corner in the second half of 2020, helped by sales strength and cost reductions.\nThen, in Q4, General Motors earnings per share cruised past estimates, surging to $1.93 vs. just 5 cents per share a year ago, helped by the launch of its full-size SUV. The year-ago period was marred by the UAW strike. GM's Q4 EPS would have been even better if not for a 59-cent hit due to a Takata airbag-inflator recall.\nSales remained on a roll in Q4. GM deliveries in the U.S. rose to 771,323, up 5% from a year ago. General Motors said it gained market share as the average transaction price rose to a record $41,886.\nMeanwhile, GM sales in China remained on the upswing for the second straight quarter, after a weak couple of years. General Motors and its Chinese joint-venture partners saw deliveries rise 14% to 954,325.\nGM said it expects to earn $4.50-$5.25 per share in 2021 vs. $4.90 in 2020. The chip shortage could cut operating profit by $2 billion in 2021.\nBrightdrop\nBrightdrop's first 500 EV600 delivery vehicles, which go 250 miles per charge, will go toFedEx(FDX). The global delivery giant also has tested Brightdrop's EP1 pallet electric pallet, designed to move up to 200 pounds in goods over short distances. FedEx said its drivers were able to handle 25% more packages per day in the first pilot.\nGM said it will invest $800 million to equip one of its factories in Canada for production of the EV600 by late 2021.\nGM said it sees a massive $850 billion market opportunity for parcel, food delivery and reverse logistics in the U.S. by 2025.\nThe timing of its commercial EV rollout looks even better followingPresident Joe Biden's executive order to replace the government's fleetof 645,000 vehicles with electric vehicles.\nSubsequently, Merchants Fleet announced an order for 12,600 EV600 vans.\nFord(F) will also have an electric version of its popular Transit van out in late 2021.Workhorse Group(WKHS) and Rivian are EV delivery van plays too.\nGM's 'Stable Of Unicorns'\nEven before the Brightdrop news, Morgan Stanley's Jonas had referred to GM as having a \"stable of unicorns.\"\nIn a Jan. 19 report, Jonas said that GM's EV business is worth $52 per share of GM stock, while its controlling stake in Cruise is worth $10.\nGM's Ultium EV battery also has become something of a business in its own right. In April, GM reached a deal withHonda Motor(HMC) to jointly develop two Honda EVs using GM's Ultium battery. Jonas figures the Ultium battery platform is worth $10 per share.\nGM's OnStar communications and security system, which has announced a move into the insurance business, and its Super Cruise driver assistance technology, offer opportunities to grow a monthly recurring revenue stream. Jonas valued GM's connected services at $16 per share.\nHe also attached per-share valuations to GM's China joint ventures ($5), the Corvette brand ($5) and GM Financial ($7).\nHe derived the 80 price target for GM stock by subtracting net debt, pension liability and a 20% sum-of-the-parts discount.\nJonas didn't specify any valuation for other ventures, including GM's Hydrotec fuel-cell business. The week after his report, GM announced a deal withNavistar(NAV) to supply fuel cells for long-haul trucks. Trucking firmJ.B. Hunt(JBHT) will be Navistar's first customer in a pilot program, with tests set to begin by end of 2022.\nThat followed GM's scaled-back deal to supply fuel cells toNikola(NKLA). However, prospects remain clouded by Nikola's reputational hit as its founder left the company amid allegations of being a huckster and worse.\nIn June, GM Defense unit won a $214-million contract — its first win — to build Infantry Squad Vehicles for the U.S. Army based on the Chevrolet Colorado ZR2 midsize truck architecture.\nHummer EV Buzz\nGM unveiled the Hummer EV truck during the World Series, touting \"maneuverability and traction unlike anything GM has ever offered.\" The Hummer's CrabWalk mode, allowing it to move diagonally to get through tight off-road spots, quickly went viral.\nThe Hummer EV, which will take on the Tesla Cybertruck, is due out this fall. GM says the Hummer EV can reach 450 miles on a full charge and 60 miles per hour in three seconds. The Hummer also will take on upcoming electric trucks fromFord(F) andAmazon(AMZN)-backed Rivian.\nThe Rivian RT1 is expected to be released before the GM Hummer, but theTesla Cybertruck will likely not be out until 2022.\nPrices for the initial Hummer EV version start at $112,595. General Motors said all available reservations for the Hummer EV sold out within 10 minutes. GM reportedly received 10,000 preorders and is considering boosting production plans.\nGM plans cheaper Hummer EV versions in future years. AutoNews reported that GM may start production of the Hummer SUV in early 2023 with targeted annual output of 50,000 vehicles per year.\nGeneral Motors' Ultium Battery Future\nGM had a puzzle to solve: How could it compete broadly in the still relatively small EV market, en route to an all-electric future, without frittering away its financial strength? The answer came with the March 4 unveiling of its Ultium battery and flexible platform.\nThe Ultium stands apart for its ability to be stacked either vertically or horizontally in the battery pack, to optimize the layout of each vehicle. The biggest stack is said to have the power to reach 450 miles on a full charge. The platform can accommodate a wide range of trucks, SUVs and cars.\nThe first generation of GM's coming EV lineup \"will be profitable,\" the company said. Since then, GM has detailed a much more complete vision of its EV future.\nIn September, GM unveiled its strategy to produce electric drive systems that are designed in-house to deliver cost and performance benefits. The five drive units and three motors will offer the power and versatility to work with the full range of some 20 different EVs it plans to produce by 2023.\nUltium Drive systems will be more responsive than current models, using \"precision torque control\" for smooth performance, GM said. The Honda deal created a partnership model that GM hopes will entice other rivals. Barra said that supplying GM technology to rival automakers would build \"scale to lower battery and fuel cell costs and increase profitability.\"\nNow GM is highlighting progress in testing its next-generation Ultium battery chemistry. \"We believe we are on the battery-cost frontier today and we intend to set the pace for the future,\" said GM product development chief Doug Parks.\nGM Cruise Vs. Tesla And Alphabet Waymo\nOn Jan. 19, GM announced a partnership with Microsoft to accelerate the commercialization of self-driving vehicles. Microsoft joined in a $2-billion funding round for Cruise, along with GM, Honda and institutional investors.\nThe investment gave Cruise an implied $30 billion valuation, up from $19 billion in May 2019. GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures.\nIn November, Cruise began testing five driverless cars in parts of San Francisco. Initial results appear positive. On Feb. 9, Cruise President Kyle Vogt tweeted that Cruise covered 200,000 miles in California in Q4 without a safety driver once disengaging self-driving features.\nCruise's commercial launch is \"not years away,\" Barra assured on the Q4 earnings call.\nOn Nov. 10,Walmart(WMT) announced a pilot test with Cruise in Scottsdale, Ariz., allowing contactless customer deliveries.\nIn January 2020, GM unveiled its six-passenger Cruise Origin EV with no steering wheel.\nApple,Alphabet(GOOGL)-unit Waymo, Uber(UBER),Ford(F) and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.\nGM bought Cruise Automation for $1.1 billion in 2016. In 2018, Honda agreed to put up $2 billion more over 12 years.\nTesla, meanwhile, has released a new Full Self Driving beta version to select drivers. But despite the name, Tesla FSD is still a Level 2, hands-on system, while Cruise and Waymo are Level 4.\nIs GM Stock A Buy?\nThe technical picture for GM stock has improved dramatically. Its 89IBD Composite Ratingisn't far behind Tesla's 94 rating. IBD research shows that all-time stock winners often have a Composite Rating of at least 95 near the start of big runs.\nStill, fundamental metrics don't tell the full story. The Covid hit to earnings, a restructuring and strike are all in the rearview mirror. The chip shortage curtailing production should clear up later in 2021, but GM's traditional business faces a long-term decline. The biggest unknown is how well GM will be able to keep pace with Tesla, which aims to drive down the price of its EVs to $25,000 in three years, and others on the cutting edge of EV battery development — including Apple.\nInvestors should be aware that GM stock is a hybrid play, depending on profits from gas-burning SUVs today to pave the way to an EV future. Undoubtedly, there is lots of execution risk and uncertainty, but GM appears to be executing quite well, and Wall Street sees plenty of promise developing. If analysts see GM as a \"stable of unicorns\" with high-growth potential, they could begin to use a more flattering lens for valuing future earnings.\nBottom line:GM stock is in a buy zone, though it is also significantly above its 10-week line. Strong technical action, improving fundamentals and a brighter EV future all suggest General Motors stock is worth considering.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3837643,"gmtCreate":1616169871691,"gmtModify":1635752033023,"authorId":3570322180392863,"author":{"id":3570322180392863,"idStr":"3570322180392863","authorId":3570322180392863,"name":"wgod","avatar":"https://static.tigerbbs.com/4ab0dbb8248aee5de7b601da12605bdc","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322278916,"type":1,"supId":0,"prevId":0,"content":"lit ","text":"lit ","html":"lit "}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":35,"commentSize":20,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}