We know ride-sharing is big business, but it hasn't been particularly profitable because of the cost of drivers. But if drivers weren't needed in autonomous vehicles, this could be an amazing business and General Motors (NYSE: GM) is actually leading the way. In this video, Travis Hoium highlights why GM has a massive upside in autonomous ride-sharing.
*Stock prices used were end-of-day prices of April 17, 2023. The video was published on April 19, 2023.
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Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla and Uber Technologies. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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