Two very interesting responses:
- "We got feedback from customers that it is too clunky to go back and forth between different environments, and frankly, I experienced it." and related: "We recognized a few years ago that the vehicle was becoming a platform for services."
- "We continue to sell our strong ICE [internal combustion engine] portfolio, and feel EVs are a growth opportunity. We are underrepresented from a market-share perspective on the coasts, where EV adoption is the highest."
In (1), Mary mentions the opportunity for software sales but then justifies it by saying that consumers were confused with the interface. What I find humorous is that consumers will be left using Apple & Google services while they are made to "not take over the screen" while GM pay-to-play services are front and center. That will be less confusing for the consumer? SMH Logic fail score = 100%
In (2), Mary deviates from her promise of dozens of EVs ("30 EVs by 2025") to downplaying them as a "growth opportunity" while emphasizing ICE sales. No one ever calls her out on this. Right now we are seeing Lucid, Tesla and Rivian stock taking a beating as they continue to announce lower and lower sales projections but "growth opportunity?" #gaslighting
As to the stock EPS growing 150%, the gaslighting is epic. The stock has had almost no growth over 10 years, pays 1.17% dividend (pathetic) and is only decreasing in EPS over the 10 years. Yes, the stock earnings jumped from 9 cents in November 2023 to 12 cents in February 2024 - BUT was paying over 30 cents per share from 2014 to 2020. MORE GASLIGHTING! Was the interviewer a member of Mary's entourage? SMH