As negotiations begin this month between American automakers and the United Auto Workers on a critical four-year labor agreement, cool heads and open minds must
Behind GM’s shift to all-electric vehicles by 2035
Part 2
EV investments: Speculation and consolidation
As with every major technological development in recent decades, including the emergence of the internet in the 1990s, the electric vehicle sector is the vessel for massive levels of speculation on Wall Street. Companies producing electric vehicles have been the center of an increasingly frenzied stock market bubble involving sums of money that dwarf the actual investments being made in the technology itself.
Tesla is the most notorious example, with the run-up of its stock price roughly 800 percent over the course of the pandemic, even though it has only eked out relatively small profits in recent quarters. The company has a market capitalization of over $800 billion, larger than the next nine global automakers