Stock hit an all-time high of $85 earlier this month and jumped to $86 after earnings. Up 70% over the past year. The earnings were solid, beat expectations and they're returning cash to shareholders with a 20% dividend increase plus a $6 billion buyback. That's what I like to see. They're actually generating cash instead of just burning through it.
The one thing that's a bit rough is the $7.6 billion EV write-down. They're basically admitting the electric vehicle push didn't work out as planned and ki-ling off the BrightDrop van. That's a lot of money to flush down the drain. But I'm almost relieved they're facing reality instead of throwing more money at a losing bet. Seems like they're refocusing on what actually makes them money.