{"id":123092,"date":"2021-11-17T20:28:34","date_gmt":"2021-11-17T20:28:34","guid":{"rendered":"https:\/\/fin2me.com\/?p=123092"},"modified":"2021-11-17T20:28:34","modified_gmt":"2021-11-17T20:28:34","slug":"gm-stock-hits-record-high-as-automaker-celebrates-hummer-ev-production","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/gm-stock-hits-record-high-as-automaker-celebrates-hummer-ev-production\/","title":{"rendered":"GM stock hits record high as automaker celebrates Hummer EV production"},"content":{"rendered":"<ul>\n<li>General Motors is steadily approaching a $100 billion market valuation after shares of the automaker reached a new record high on Wednesday.<\/li>\n<li>GM&#x27;s gains come as shares of newly public electric vehicle start-ups Rivian and Lucid Group lost steam following extraordinary double-digit runups in the past week.<\/li>\n<li>GM is currently zing pre-production GMC Hummer EV pickups at the plant. Customer deliveries are expected to begin soon.<\/li>\n<\/ul>\n<p>DETROIT \u2013 General Motors is steadily approaching a $100 billion market valuation after shares of the automaker reached a record high on Wednesday.<\/p>\n<p>GM&#x27;s gains come as shares of newly public electric vehicle start-ups Rivian and Lucid Group, which briefly surpassed GM in market cap Wednesday, lost steam following extraordinary double-digit runups in the past week.<\/p>\n<p>GM is celebrating the opening of its first dedicated electric vehicle plant in Detroit. GM CEO Mary Barra rang the opening bell from the facility earlier on Wednesday; President Joe Biden will visit the plant in the afternoon.<\/p>\n<p>GM is currently making pre-production GMC Hummer EV pickups at the plant. Customer deliveries are expected to begin soon.<\/p>\n<p>GM&#x27;s stock was at $64.69 a share as of 11 a.m., up by more than 3% and its highest price since emerging from bankruptcy in 2009. The company&#x27;s market cap was about $94 billion. <\/p>\n<p>Shares of Rivian, which made its public debut last week, were down by as much as 18% Wednesday, wiping away billions of dollars in market cap. Its market value of about $128 billion remains far above GM and Ford Motor, but below Tesla, which surged to more than $1 trillion this year.<\/p>\n<p>Lucid&#x27;s stock was somewhat volatile Wednesday morning, trading down by as much as 5% and up by as much as 4%. The company&#x27;s market cap is about $87 billion.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/11\/17\/gm-stock-hits-record-high-as-automaker-celebrates-hummer-ev-production.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Motors is steadily approaching a $100 billion market valuation after shares of the automaker reached a new record high on Wednesday. GM&#x27;s gains come [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":123091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GM stock hits record high as automaker celebrates Hummer EV production - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/gm-stock-hits-record-high-as-automaker-celebrates-hummer-ev-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GM stock hits record high as automaker celebrates Hummer EV production - Fin2me\" \/>\n<meta property=\"og:description\" content=\"General Motors is steadily approaching a $100 billion market valuation after shares of the automaker reached a new record high on Wednesday. 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