GM Records $6 Billion Charge Due to Weak EV Demand and Production Cuts
- Impairment Charge: General Motors announced a $6 billion charge due to a pullback in electric vehicle investments, with $4.2 billion stemming from contract cancellations and settlements with suppliers, reflecting a pessimistic outlook on future EV production that could impact long-term competitiveness.
- Production Adjustments: The company expects to record additional charges in 2026 as negotiations with suppliers continue, which will further affect its planned EV production and potentially lead to a decline in market share.
- Market Reaction: Despite GM's stock rising 3.9% to $85.13 during regular trading, shares fell by 2% in after-hours trading following the announcement, indicating investor concerns about the future of its EV strategy.
- Strategic Shift: The elimination of the $7,500 federal tax credit under the Trump administration led to a 43% drop in GM's EV deliveries in Q4, highlighting the need for the company to reassess its EV strategy in response to changing consumer demand.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.548 | 2.284 | 3.048 | 3.784 | 4.548 | 5.284 | 6.048 |
| Fibonacci | 2.284 | 2.857 | 3.211 | 3.784 | 4.357 | 4.711 | 5.284 |
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