Receiving the first permit to provide driverless taxi rides in California is a big win for General Motors. This development provides a new bull case for $GM.

Personally, I think that GM should spin-off the Cruise division shortly after it starts generating revenue. That way, GM can unlock more value to shareholders.

Source: https://www.reuters.com/business/autos-transportation/self-driving-cars-gms-cruise-could-soon-carry-paying-riders-san-francisco-2022-06-02/