General Motors Company (GM)

General Motors Company Stock (GM) dropped by 2.26% from $29.22 to $28.56 in the trading on Tuesday October 24, 2023. The reason why GM stock down today is due to the permits suspension. The company's driverless-car technology arm Cruise is having its permits suspended in the state of California, citing safety concerns and allegations of safety information misrepresentation. Cruise, mostly owned by General Motors, is under scrutiny, including a safety-defect probe and allegations of prematurely launching its robotaxi service. Issues in San Francisco, such as vehicle stalls and incidents, have also arisen.