Barron's Pick: $GM

* $GM trades at 1/10th of $TSLA market cap

* GM CEO Mary Berra aims to double revenue to $300 Billion by 2030.

* $10 Billion in EV sales targeted for 2023.

* $90 Billion in EV sales targeted for 2030.

* $80 Billion in software and “other” services for 2030 (whereas in 2021 it was only $8 Billion in revenue.)

* GM to sell components they develop to change ICE cars into EVs. GM feels this will be a $20 Billion revenue add by 2030.

* GM also has a controlling interest in AI Autonomous Driving outfit Cruze™ and thinks this investment will add $50 Billion in revenue by 2030

* GM has partnered with Posco™ to build a new battery factory in America which means GM will no longer have to rely on batteries from Asia. This will lower their costs for batteries and enable them to be in tighter control of their supply chain.

GM also drew praise at this month’s Consumer Electronics Show in Las Vegas, after unveiling its 2024 Chevrolet Silverado EV pickup. The truck, which is set to go on sale next year, boasts more than 400 miles of range—outpacing the 300 miles of range for the F-150 Lightning, an electric truck from Ford Motor (F) that’s slated to hit the market in 2022.

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