The US auto sales are expected to remain strong, with increased demand and the introduction of new electric vehicles expected to drive sales even higher. However, as macroeconomic uncertainties remain, I think it would be wise to wait for a better entry point in General Motors Company (GM). In addition, Tesla, Inc. (TSLA) is best avoided, considering its weak fundamentals.
Before delving deeper into the fundamentals of these stocks, let’s discuss what’s happening in the auto industry.
