#general-motors

#general-motors

Markets continue to push higher on strong earnings and upgrades. At the moment, Dow futures are up about 23 points. Nasdaq futures are up about three, as the S&P 500 tacks on about two points. All gaining a boost after General Motors ( NYSE: GM) hiked its guidance for the full year and beat earnings expectations. In fact, GM's EPS of $2.80 was better than the $2.31 expected. Revenue of $48.59 billion was better than the estimates of $45.27 billion.

There's a lot to be excited about in the 2027 Chevrolet Bolt. From what we know so far, it will have a Tesla-style North American Charging Standard (NACS) plug, a lithium-iron-phosphate (LFP) battery pack and a familiar design packed with the latest software and safety features-all for a price around or below $30,000. Like the last Bolt EV and EUV, it could be a big hit.

Tesla's potential for creating an affordable, high-spec electric vehicle is hindered by uncertainties about its future models, despite high expectations from consumers.

General Motors' second-quarter core profit fell 32% to $3 billion due to challenging tariff policies, which sapped $1.1 billion from the results.

General Motors has adjusted its profit forecast for 2025 down by over 20% owing to substantial tariff-related costs, impacting their vehicle pricing and production.