Citi analyst Itay Michaeli says yesterday’s Wall Street Journal article describing General Motors’ slow electric vehicle volume ramp didn’t appear to contain any new information. In fact, the article cited a GM target to produce 36,000 Lyriq electric vehicles this year, which is actually above Citi’s estimate for the year, the analyst tells investors in a research note. The firm keeps a Buy rating on the shares with an $82 price target.
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