While absorbing Cruise may streamline operations and cut costs, GM is (or was) a front-runner in autonomous driving technology and the front-runner among legacy US automakers.
GM TSLA YTD mountain GM vs. Tesla, YTD Both GM and Waymo, using a broader suite of sensors, were making a considerably more significant investment per vehicle to provide additional safeguards than Tesla does with its camera-only approach.
The second was the massive $5.6 billion cash infusion spearheaded by Alphabet into Waymo, which was announced in late October.
GM YTD mountain GM, YTD General Motors will likely generate over $12 billion in free cash flow for FY2024.
Selling a cash-covered put is a way to take a neutral to mildly bullish posture seeking to collect options premium.
Persons:
Lyft, Tesla, Meta, Mark Zuckerberg's, haven't, Cruise, —, I've
Organizations:
GM, YTD, Toyota, Motors, CNBC, NBC UNIVERSAL
Locations:
Lyft, San Francisco