We recently compiled a list of the 10 Firms Kick Off 2025 Trading in The Red. In this article, we are going to take a look at where General Motors Co. (NYSE:GM) stands against the other stocks.
The stock market finished the first trading day of the year in the negative territory—a fifth straight day, over the lack of catalysts to spark trading appetite.
The Dow Jones Industrial Average was down the most by 0.36 percent, the S&P 500 decreased 0.22 percent, and the Nasdaq Composite dipped 0.16 percent.
Ten companies also kicked off trading mirroring the broader market downturn. In this article, let’s explore the reasons behind their decline.
To come up with Thursday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A group of technicians in a garage, inspecting car parts and ensuring safety compliance.
General Motors Co. (NYSE:GM)
Shares of General Motors Co. fell for a third day on Thursday, losing 3.57 percent or 1.90 points to finish at $51.37 apiece as investors sold off positions over concerns about automakers’ vehicle sales.
The decline came after Tesla (NASDAQ: TSLA) fell for the first time in history, having only delivered 1.79 million vehicles during the year as compared with 1.81 million in 2023.
In addition, concerns were hounding US and European automakers following statements that Chinese EV makers are already taking the front seat in the industry.
Meanwhile, China’s BYD posted its best-ever sales in the fourth quarter of 2024.
According to the company, it sold 1.76 million electric cars in 2024. The total was only part of the 4.25 million car sales, which included its hybrid vehicles.
Overall GM ranks 7th on our list of the stocks that crashed yesterday. While we acknowledge the potential of GM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.