GM Cadillac EV Price-Performance Falls Short Of Tesla, Says Fund Manager: 'Customers Aren't Stupid'
Portfolio Pulse from Shanthi Rexaline
General Motors Corp.'s Cadillac unit launched the electrified version of its Cadillac Escalade full-size SUV, the 2025 Cadillac Escalade IQ. However, Future Fund's Gary Black criticized GM's EV pricing strategy, comparing it unfavorably with Tesla's offerings. Despite this, GM shares rose 0.66% to $36.50 in premarket trading on Thursday.
August 10, 2023 | 9:03 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
GM's Cadillac unit launched the 2025 Cadillac Escalade IQ EV, but its pricing strategy was criticized by Future Fund's Gary Black. Despite this, GM shares rose 0.66% in premarket trading.
The launch of the new Cadillac EV is a significant event for GM, but the criticism of its pricing strategy could potentially impact investor sentiment. However, the rise in GM's share price suggests that the market has reacted positively to the news, at least in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100