GM’s stock was up as much as 3.9% on Tuesday and has risen by about 50% so far this year.
Shares of General Motors closed at a new record Tuesday after the automaker confirmed plans to produce an all-electric Chevrolet Silverado pickup at an assembly plant for EVs that’s under construction in Detroit. The automaker’s stock closed up 1.5% at $61.94 a share, setting a new closing record, after hitting an intraday high of $63.44 earlier Tuesday. Both the closing and intraday prices were all-time records since the automaker emerged from bankruptcy at the tail end of the Great Recession and started publicly trading again in 2010. GM’s market cap is $89.25 billion. The performance of GM’s stock this year, up roughly 50%, has been driven by a steady array of announcements related to electric vehicles.
