Rachel Warren

That type of declining growth is something we've been seeing for them for the last couple of years.

There's some good reasons for that.

A huge driver of that was the net loss they reported in Q4 of about $3.3 billion.

That was driven by over $7.2 billion in special charges, primarily for realigning their EV capacity to meet lower-than-expected consumer demand.

Correct.

There was also a $1.1 billion charge for restructuring in China.

Revenue came in about $185 billion for the fiscal year.

Despite the hype around electric vehicles, their growth has been primarily driven by their internal combustion engine vehicles, specifically large trucks and SUVs.

This strategy is providing them with consistent strong profit margins in North America.

and they're taking a pretty measured approach to their expansion.

They're navigating a very kind of high cost, high demand and lower demand phases that have shifted a lot the last few years by focusing on cost efficiencies.

They're still maintaining the number two position in the USAV market.

Tesla has high growth potential, but its stock has experienced a lot of volatility.

More recently, General Motors has been able to deliver more stable, consistent performance.

I think that's what the market's favoring now.

But we see a bit of a push and pull with that dynamic in various markets, and that dynamic tends to shift with time.

Yeah, a couple things to hit on there.

I do think that the hands-off, eyes-off tech is interesting.

I don't think we've gotten enough details about it yet to get too excited.

That 2028 system, it's expected to achieve level three autonomy.