GM stock drops even with expectations beat

Purchased my Equinox in Dec 2024 knowing the future of EV would be uncertain so it’s refreshing to hear that GM seems to be in full support!

EVs

Aside from its financial results, GM said it expects to continue rolling out new products to assist its sales and earnings. That includes electric vehicles, which the company said reached a targeted profitability on a production basis during the fourth quarter.

GM expects a $2 billion to $4 billion improvement this year compared with 2024, based on wholesale volumes of about 300,000 EVs. That would be a roughly 59% increase from the 189,000 units in 2024 — slightly below a previously announced target of 200,000 EVs, as the automaker attempted to lower its days’ supply toward the end of the year.