General Motors is once again staring down trouble. The company that once needed a massive taxpayer bailout is betting its future on electric vehicles. But instead of winning over ordinary Americans, GM’s strategy looks more like corporate fantasy than market reality.
Now, GM CEO Mary Barra just made a move that has investors asking hard questions about whether the automaker is heading for another disaster.
The CEO Sells Her Stock While the Company Flounders
Barra has quietly sold shares of GM stock — and the timing couldn’t be worse. The company is bleeding money on electric vehicles, and its flagship luxury EV, the Cadillac Celestiq, carries a starting price tag of around $400,000.
Think about that for a moment: GM is trying to convince people to buy a car that costs more than most houses. And while that pipe dream plays out, the CEO herself is cashing out of company stock.
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