5 Cheap EV Stocks To Buy

3. General Motors Company (NYSE:GM)

Enterprise Value to Revenue Ratio as of March 5: 0.92

Number of Hedge Fund Holders: 80

General Motors Company (NYSE:GM) is another conventional automaker on our list that has been involved in the production of EVs. The company is based in Detroit, Michigan.

Itay Michaeli at Citigroup holds a Buy rating on General Motors Company (NYSE:GM) shares as of March 9.

Since its commercial launch in June, General Motors Company’s (NYSE:GM) Cruise segment, a robo-taxi fleet, has been scaling up its operations. In 2022, The Cruise segment reported revenues of $102 million, representing a 3.7% growth year-over-year.

Our hedge fund data shows 80 funds long General Motors Company (NYSE:GM) in the fourth quarter, with a total stake value of $3.5 billion.

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