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What's so egregiously bad about this is that, not only is this the absolute wrong decision from GM, but it took them way over a year to make it. They slowly suffocated at least $30B of value all the way down to zero.
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David Watson ๐Ÿฅ‘
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When was the company worth $30b? Bc I'd say they eroded more than half their value with the dragging incident and gm had nothing to do with that. Weird how these ceos don't wanna take responsibility when shit hits the fan.
After working with 80+ traders & being funded myself, I understand trading starts with 3 things: ๐Ÿ“šKnowledge ๐ŸคCommunity ๐Ÿง Psychology That's why I created the Market Masters Community I could easily charge $50+/month for this. For a Limited Time access is absolutely
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GM making good business decisions is a relic of a time gone by. I canโ€™t recall the last time they made one and I have a pretty good memory.
a company that already went bankrupt in 2009 would need an incredible leader to lead this initiative be successful in a domain they have almost no expertise in
This is routine for legacy autos. They toil around for years, before you know it been 10 years & nothing has been done. It takes them years to move an inch. This is why not a single legacy auto have led a team to develop an AV or advanced ADAS system (like Tesla's NOA or FSD). 1/
They never had the CAPEX for the long haul and view themselves fundamentally as a widget company. At the same time, the algo driver still aint there. Maybe they'll be mfg arm and just license from Waymo/Nuro/et al. This is why vision *can* beat incumbency. Risk tol. variance
This will likely go down as one of the biggest fumbles in corporate history. Kodak <> digital camera level mistake.
Looks like Apple got a heads-up on the direction of the electric car business and pulled the plug at the earliest possible time.
After losing all my savings in my early days and now having $1.2M in funding, I understand trading starts with three essentials: ๐Ÿ“šKnowledge ๐ŸคCommunity ๐Ÿง Psychology That's why I created the Market Masters Community I could easily charge $50+/month for this. For a Limited
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Not surprised 2027 or 28 MYs will have some sort of Cruise tech incorporated into top $ models.. Look at Cadillac's Celestiq.. it's begging for that technology