General Motors Company (NYSE: GM) on Tuesday released its third-quarter vehicle sales and delivery figures.
The Details:
General Motors increased retail sales by 3% year-over-year and delivered 659,601 total vehicles in the U.S., down 2%, in the quarter. The company highlighted a record quarter of EV sales with 32,195 total deliveries, up 60% year-over-year and up 46% compared to the second quarter of 2024.
The company also reported its best year-to-date total sales of full-size pickups since 2007, and it was number one in full-size SUVs with a retail market share of 63.7%.
"GM's EV portfolio is growing faster than the market because we have an all-electric vehicle for just about everybody, no matter what they like to drive," said Rory Harvey, GM executive vice president and president of Global Markets.
GM also highlighted its upcoming EV debuts which include the 2025 Cadillac Escalade IQ and 2025 Cadillac Optiq.
How To Buy GM Stock:
By now you're likely curious about how to participate in the market for General Motors - be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway (NYSE: BRK.A), or Amazon.com (NASDAQ: AMZN), can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of General Motors, which is trading at $44.96 as of publishing time, $100 would buy you 2.22 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading - either way it allows you to profit off of the share price decline.
GM Price Action: According to Benzinga Pro, General Motors shares were flat at $44.93 at the time of publication Tuesday.