tl;dr
Cruise CEO Kyle Vogt resigns amid safety review and license suspension in California, as GM CEO Mary Barra announces changes to autonomous driving unit leadership. Vogt issued a broad apology to Cruise staff and emphasized the need for safety, transparency, and community engagement. Former Tesla pre...
Cruise CEO Kyle Vogt resigns amid safety review and license suspension in California, as GM CEO Mary Barra announces changes to autonomous driving unit leadership. Vogt issued a broad apology to Cruise staff and emphasized the need for safety, transparency, and community engagement. Former Tesla president Jon McNeill named vice chairman of Cruise board alongside Barra.
GM CEO Mary Barra expressed confidence in Cruise's mission and technology despite the autonomous driving unit generating an EBIT-adjusted loss of $732M in Q3. Without the Cruise loss, General Motors would have reported EBIT-adjusted almost 20% higher for the quarter. Shares of General Motors were up 0.36% in premarket action on Monday.
More about General Motors Company
Key financial metrics for General Motors Company include a market capitalization of $171,971,002,000, a revenue of $38,386,524,000, and a price-to-earnings ratio of 7.12. The stock performance shows an earnings per share of $3.937, a dividend yield of 0.36, and a stock price of $123.56. Market sentiment indicates a slight decrease in stock value at -0.022%, but a positive return on equity at 0.054.
More about Tesla Inc
Tesla Inc. is an American electric vehicle and clean energy company based in Palo Alto, California, offering a variety of products including electric cars, battery energy storage and solar products. In 2020, Tesla captured 16% of the plug-in market and 23% of the battery-electric market, demonstrating strong sales in the plug-in and battery electric passenger car segments. The company's subsidiary, Tesla Energy, is a major installer of solar photovoltaic energy generation systems in the United States and one of the largest global suppliers of battery energy storage systems. In terms of financial data, the company generated $744.82 billion in manufacturing revenue and a net income of $959.24 billion in 2020. Tesla's stock performance displayed a share price of $225.82 and a 3.09% increase. However, the market sentiment towards Tesla Inc. resulted in a -0.442% return on equity, though the company still managed to achieve a positive 0.088% return on assets.