Stocks-Prognosis.com
Search on StockPrognosis.com
To search on the site stockprognosis.com enter the name of the ticker, company name, or search phrase
Sections of the site



General Motors Company GM Shuts Down Cruise Project, Leaving Tesla as Only Automaker in Robotaxi Race

December 12, 2024
General Motors Company (GM) has recently made a significant decision to shut down its robotaxi efforts, known as Cruise. This move has attracted a lot of attention from investors and industry experts. With this decision, every U.S. automaker, except for Tesla, has now called it quits on robotaxis.

GM's Cruise project was aimed at developing autonomous vehicles for ride-hailing services. However, after careful evaluation, the company realized the challenges and complexities involved in achieving full autonomy and decided to refocus its efforts on other areas of the business.

Experts believe that this move by GM highlights the difficulties in developing a truly autonomous vehicle. It also provides a boost to Tesla, which remains the only American automaker continuing its pursuit of autonomous ride-hailing services.

While GM's decision to shut down Cruise may seem like a setback, it allows the company to redirect resources and capital towards other promising ventures. By doing so, GM can further innovate and stay competitive in the rapidly evolving automotive industry.

In light of recent developments, investors may consider seeking advice from professionals at Stocks Prognosis regarding the future movement of GM's stock. These experts can provide valuable insights and recommendations on whether it is a favorable time to invest in GM.

It is important to note that this news is based on credible sources and does not offer any personal opinions or financial advice. The decision to invest should be made after careful consideration of one's own financial goals and risk tolerance.
If you want to leave a comment, then you need Login or Register





Other data for GM

Related data

GMAugust 26, 2025GENERAL MOTORS COMPANY Hits Price Target Forecast with 20.27% Profit Margin  ~1 min.

On July 22, 2025, QuantWave, an automated forecasting platform, issued a signal to take a long position on GENERAL MOTORS COMPANY stock at a price of $48.89....


GMAugust 22, 2025QuantWave Achieves 19.98% Profit Target for GENERAL MOTORS COMPANY Stock  ~1 min.

QuantWave, the automated forecasting platform, successfully reached its price target forecast for GENERAL MOTORS COMPANY stock, resulting in a profit of 19.98%....


GMAugust 22, 2025GENERAL MOTORS COMPANY Hits QuantWave Price Target Forecast with 23.93% Profit  ~1 min.

GENERAL MOTORS COMPANY has successfully reached the price target forecast set by QuantWave, resulting in a significant profit of 23.93%....


GMAugust 19, 2025GENERAL MOTORS COMPANY Hits Price Target Forecast with 18.19% Profit, According to QuantWave  ~1 min.

In an exciting turn of events for investors, GENERAL MOTORS COMPANY has successfully achieved the price target forecast set by QuantWave, resulting in a substantial profit margin of 18.19%....


GMAugust 19, 2025GENERAL MOTORS COMPANY Stock Hits Price Target, Yielding 18.19% Profit: QuantWave Analysis  ~1 min.

On June 17, 2025, QuantWave, an automated forecasting platform, issued a long signal for GENERAL MOTORS COMPANY stock when it was priced at $48.16....


GMAugust 14, 2025GENERAL MOTORS COMPANY Stock Hits Price Target of 56.42 $ with a Profit of 16.24%  ~2 min.

As of August 14, 2025, GENERAL MOTORS COMPANY stock has successfully reached the price target of 56.42 $ as forecasted by QuantWave on May 23, 2025. This achievement represents a profit of 16....


GMAugust 14, 2025GENERAL MOTORS COMPANY Stock Hits Price Target, Profits Up by 18.73%  ~2 min.

On June 4, 2025, QuantWave made a forecast signal for GENERAL MOTORS COMPANY, recommending a long position when the stock was trading at $47.4....


GMAugust 14, 2025GENERAL MOTORS COMPANY Stock Hits QuantWave's Price Target, Generating 17.6% Profit  ~1 min.

On May 28, 2025, QuantWave's forecasting platform identified an opportunity for investors in GENERAL MOTORS COMPANY stock with a long position signal at a price of 47.85 $....


GMAugust 14, 2025GENERAL MOTORS COMPANY Hits Price Target Forecast on QuantWave, Generating 18.68% Profit  ~1 min.

On June 2, 2025, QuantWave, the automated forecasting platform, issued a long signal for the stock of GENERAL MOTORS COMPANY, with a price of 47.42 USD....


GMAugust 14, 2025GENERAL MOTORS COMPANY Stock Hits Price Target, Providing 16.24% Profit Opportunity  ~1 min.

On May 23, 2025, QuantWave, the automated forecasting platform, issued a long signal for GENERAL MOTORS COMPANY stock when it was trading at $48.41....


ECLJanuary 6, 2025Ecolab Inc. faces challenges in accelerating its returns  ~1 min.

Confluence Investment Management LLC, a leading investment firm, has recently sold 2264 shares of Ecolab Inc. (NYSE:ECL)....


UNHJanuary 11, 2025UnitedHealth Group Incorporated Faces Multiple Challenges in Q4  ~1 min.

UnitedHealth Group Incorporated (UNH) faced several headwinds in the fourth quarter, impacting its performance....


FMCDecember 31, 2024FMC Corporation Faces Challenges as Stock Hits 52-Week Low  ~1 min.

FMC Corporation, a leading chemical manufacturer, is currently facing market challenges as its stock touched a 52-week low at $47.72....


EBAYFebruary 20, 2025EBAY Inc. Utilizes Debt Efficiently, According to Simply Wall St News  ~1 min.

According to Simply Wall St News, eBay Inc. (NASDAQ:EBAY) has been using debt in a sensible manner. The company seems to have a good understanding of how to manage its financial obligations....


NOCJanuary 2, 2025Northrop Grumman Corporation Faces Challenges in Capital Allocation  ~1 min.

A recent report suggests that Northrop Grumman Corporation (NYSE:NOC) may encounter difficulties in effectively allocating its capital....