Here’s How General Motors Could Go to the Moon
Weighing in at an $87 billion market capitalization, and with $9 billion in annual profit, General Motors(NYSE:GM) is a 10 P/E stock. GM is also an industrial giant, and its chances of becoming popular enough to send its stock price “to the moon” — like a meme stock — aren’t great.
But sending GM’s products to the moon is another story.
The original moon buggy, by GM. Image source: General Motors via NASA.
General Motors — NASA’s favorite automaker
Fifty years ago, General Motors teamed up with…
