So much for the Big 3 automakers’ labor strike spooking investors, as shares of General Motors Co.
GM,
and Ford Motor Co.
F,
both turned positive moments after Friday’s opening bell, while Stellantis N.V.’s stock
STLA,
was always higher. And while Tesla Inc. was seen as a big beneficiary of the Big 3 legacy automakers’ labor troubles, the electric vehicle giant’s stock
TSLA,
turned lower. GM’s stock rose 1.8% in morning trading, reversing a 0.7% post-open loss and a decline of as much as 2.1% premarket; Ford’s stock was up 0.8%, after being down as much as 2.3% premarket and as much as 1.7% after the open; Stellantis shares were up 1.4%, after being up just 0.3% earlier. Tesla’s stock slumped 1.5%, after being up as much as 1.1% as the opening bell rang.
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