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General Motors’ Potential In EV Transformation Weighed By Analysts After Q1 Beat- Was This a ‘Prove Me’ Quarter For CEO Mary Barra?

General Motors shares are trading higher on Tuesday after raising its outlook for FY24, following a first-quarter beat. According to Wedbush analyst Daniel Ives, the company is focusing heavily on profitability, with expenses continuing to be a big priority. BofA Securities analyst John Murphy said in a new investor note that there was optimism heading into the quarter.

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