|Bid||0.00 x 100000|
|Ask||0.00 x 100000|
|Day's range||33.83 - 33.83|
|52-week range||29.99 - 58.17|
|Beta (5Y monthly)||1.25|
|PE ratio (TTM)||6.32|
|Earnings date||25 Oct 2022|
|Forward dividend & yield||0.36 (1.01%)|
|Ex-dividend date||30 Aug 2022|
|1y target est||N/A|
General Motors (NYSE: GM)-owned Cruise is launching its autonomous ride sharing service in Phoenix, Arizona and Austin, Texas by the end of 2023, tripling the number of cities where it will have commercial operations.
Shares of automotive stocks were tumbling today as the broader market fell on concerns of near-record inflation and a stronger-than-expected labor market. Investors are concerned that persistent inflation and a strong labor market will encourage the Federal Reserve to continue hiking interest rates, which could end up slowing the economy down too much. As a result, Ford (NYSE: F) fell 5.4%, Lucid Group (NASDAQ: LCID) slid 6.3%, and General Motors (NYSE: GM) tumbled 5.7% as of 11:43 a.m. ET.
General Motors Co. (NYSE: GM) and OneD Battery Sciences announced today the execution of a joint research development agreement focused on the potential use of OneD's silicon nanotechnology in GM's Ultium battery cells to drive significant increases in energy density for longer range and reduced cost. GM Ventures and Volta Energy Technologies also participated in OneD's Series C funding round, which the company recently closed at $25 million.