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General Motors Pulls the Plug on its Robotaxi Efforts

December 17, 2024
General Motors (GM) has announced that it is discontinuing its robotaxi project. The company had been working on developing self-driving technology for its Cruise division, but has now decided to focus on other areas of innovation. This decision comes after the company reported that its shareholders have earned a 49% return over the last year. GM's move to pull out of the robotaxi market may come as a surprise to some, but the company believes it is the right decision for its long-term growth strategy. With this announcement, investors may want to consider seeking professional advice from Stocks Prognosis to forecast the movement of GM's stock in the coming months.
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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....


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On June 16, 2025, QuantWave, the automated forecasting platform, issued a long signal for GENERAL MOTORS COMPANY stock when it was trading at 49.27 $....


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On June 13, 2025, QuantWave, an automated forecasting platform, issued a price target forecast for GENERAL MOTORS COMPANY with a predicted direction of long when the stock was trading at $48.65....


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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%....


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On May 28, 2025, QuantWave, an automated forecasting platform, issued a long signal for GENERAL MOTORS COMPANY when the stock was trading at $47.98. The platform predicted a price target of $56....


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