Stock Value Drops 2 Percent During Week Of July 13 - July 17 2026

General Motors’ stock fell during the week of July 13–July 17, 2026, extending a recent downturn for the automaker. GM shares closed at $76.07 per share, down $1.78 (2.29%) from the prior week’s close of $77.85. Over the same period, Ford Motor Company, GM’s “crosstown” rival, rose 1.64% or $0.23 per share. The article says there were no major single drivers, though several EV-related items occurred. Those included the Chevy Bolt winning Car and Driver’s 2026 EV of the Year Award, California preparing a first-time EV purchase rebate up to $3,500, and GM unveiling the 2027 GMC Hummer EV Icon | 25 Edition. It also notes Ionna’s opening of a 120 Rechargery station. Macro factors referenced include EV demand pressure, job cuts around 2,000 roles, additional $6 billion EV write-down, and a delayed next-gen truck effort.