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Former Tesla Executive Recommends General Motors (GM) Stock

We recently published 10 Stocks Wall Street is Watching Heading into October. General Motors Company (NYSE:GM) is one of the stocks Wall Street is watching.

Jon McNeill, CEO of DVx Ventures and former Tesla president, said in a recent program on CNBC that the demand for EVs may decline following the end of subsidies but rebound in the long term.

“Demand is continuing to increase around the world. When I land in Tel Aviv, I see a lot of EVs, a lot of Chinese EVs. When I land in Mexico City, I see a lot of EVs and a lot of Chinese EVs. And certainly when you land in China, you see almost every car is an EV, but same thing in Norway. And the reason for that is these cars are a lot less energy cost, a lot less maintenance cost, and they’re super fun to drive because the weight of the center of gravity is actually in the center of the vehicle for the first time.”

Asked what names he’d own, the analyst mentioned General Motors and highlighted the company’s EV business:

“GM has come from the bottom of the charts now to the top of the charts and is the number one or number two player in the US. They’ve created a company several times the size of Rivian just in a few years. And so I wouldn’t rule out the US players, especially GM either. Like the GM released the Chevy Equinox and that is right around the $30,000 price point and that has shown that there is a mass market for these. They’re introducing the Bolt EV, the Bolt 2, early next year. And that’ll be another entry into that price segment. And so I think what they’re seeing is that yeah, there’s demand at that price point for sure.”

Linda Parton / Shutterstock.com

Hotchkis & Wiley Large Cap Fundamental Value Fund stated the following regarding General Motors Company (NYSE:GM) in its Q4 2024 investor letter:

General Motors Company (NYSE:GM) reported strong Q3 earnings results and improved free cash flow guidance. We like GM for many reasons. First, we believe GM has leading market positions in its main business segments. Second, the valuation is extremely attractive. Finally, we believe it is a strong free cash flow generator, and the management team is committed to repurchasing their undervalued shares.”

While we acknowledge the risk and potential of GM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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