The price of General Motors (NYSE: GM) stock has advanced from $15 above $33 in less than six months and the current price stands around $30,40. General Motors became a strategic manufacturing partner of Nikola and the company’s business will probably continue to grow. Fundamental analysis: GM stock is not overvalued The price of the stock advanced after the company reported that GM will be a strategic manufacturing partner of Nikola. According to this deal, Nikola will utilize General Motors’ Ultium battery system and Hydrotec fuel cell technology which will add value to both companies. This partnership will help proliferate
Full ArticleIs General Motors a buy or sell in September?
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