Any time you can say “zero to 60 in under two seconds” about a car, and you are not just dropping it off a building, you are talking about an extremely fast car. And that is what legacy automaker General Motors (GM) recently rolled out with its latest model Corvette. Investors, meanwhile, seemed oddly underwhelmed about this super-powered monster, and sent GM shares down fractionally in Tuesday afternoon’s trading.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
General Motors showed off the new 2026 Chevrolet Corvette ZR1X “hypercar,” as it is known, which is a stepped-up version of the Corvette E-Ray from 2023. So, yes, the reports note; the ZR1X is not only a beast of a car that can do zero to 60 faster than free fall, but is also a hybrid car with a twin-turbo V8 engine and some key “electrification” systems that make it a lot greener than the average hypercar.
The top speed on the ZR1X, meanwhile, is a blistering 233 miles per hour, and will, as noted previously, go from flat to 60 miles per hour in under two seconds. In a staggering twist, this hybrid also boasts all-wheel drive thanks to an electric axle that throws in another 186 horsepower and 145 foot-pounds of torque. In a sentimental note, the car even boasts a split rear window like the 1963 Corvette had on hand.
Electrification Push
This was not GM’s only recent example of an electrification push. Reports noted that GM planned to put $4 billion into the Orion Assembly plant in Michigan to handle battery packs for several models. This $4 billion bill was actually the single biggest spend GM has seen since it bought Saturn, reports noted.
The state of Michigan itself will be throwing in $600 million in tax abatements, as well as some outright cash grants, to make the project happen. That, in turn, will give Michigan an extra 1,500 union jobs, which will doubtless be welcome in 2026 when the gubernatorial race kicks in.
Is GM a Good Stock to Buy Now?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on GM stock based on nine Buys, seven Holds and two Sells assigned in the past three months, as indicated by the graphic below. After a 3.86% rally in its share price over the past year, the average GM price target of $52.74 per share implies 8.34% upside potential.
