Despite Tesla sitting atop the EV leaderboard in the U.S., new data shows competitors are chipping away at its lead.
Cruise, General Motors Co's robotaxi unit, plans to enter a "large number of markets" and scale operations up to "thousands of vehicles" in 2023, Chief Operating Officer Gil West told Reuters. Cruise has announced plans to start offering rides in Austin and Phoenix, adding those cities to its current base in San Francisco. Cruise believes it can accelerate application of its technology to other cities using a "repeatable playbook" developed in San Francisco, Austin and Phoenix.
Zacks.com users have recently been watching General Motors Company (GM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.