Shares of two of the oldest automakers around have run over the $S&P 500 Index (.SPX.US)$ in the past month as each unveiled detailed plans to take on electric vehicle king $Tesla (TSLA.US)$. Over the last month, shares of $Ford Motor (F.US)$ and $General Motors (GM.US)$ have each gained about 15.5%. The $S&P 500 Index (.SPX.US)$ has returned a more pedestrian 4.5% as investors fret about the debt ceiling, inflation, climbing 10-year yields and a legion of other headline risks. 
$General Motors (GM.US)$ told investors at a two-day meeting in Detroit this week it aims to double sales by 2030 amid a flurry of new EV models. The company believes it could take its operating profit margin to a range of 12% to 14%, from 7.9% last year. 
Meanwhile, GM said it would debut an all-electric Silverado pickup truck at the Consumer Electronics Show (CES) in January, and boost sales from software services in coming years.
The news out of GM sent the stock up 6% in Thursday's session. 
As for $Ford Motor (F.US)$ , it's probably having the more impressive past month or so. 
The Detroit-based auto giant said last week it will partner with SK Innovation to invest $11.4 billion to construct two "mega-sites" — one in Tennessee and the other in Kentucky — that will build electric trucks and batteries. Ford's portion of the investment — $7 billion — is the largest manufacturing investment in the company's 118-year-old history.
Ford will construct Blue Oval City in Stanton, Tennessee, the site will aid in building an "expanded" electric-truck lineup. Currently, Ford has released the all-electric SUV called the Mach-E and soon will begin producing the all-electric F-150 Lightning. 
It seems that the EV sector is going to become a cutthroat market. Who do you think is holding a better chance to win the fight and thrive? And who's going to lose and vanish? What's the most crucial element? Vote and tell all mooers your analysis!
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Why shares of these two old automakers are on fire