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GM says EVs are its 'North Star' as legacy automaker chases Tesla - TL;DR CNBC

GM says EVs are its 'North Star' as legacy automaker chases Tesla

Publishing timestamp: 2025-07-22 18:22:11


Summary

General Motors secures No. 2 position in electric vehicle market in the U.S. and believes it has an advantage due to the diversity of its lineup across gas and electric vehicles. The company is focused on improving profitability for its EVs amidst changing demand and the end of tax credits. Tesla remains the leader in the EV market, but its demand and fundamentals are seen as weak.


Sentiment: MIXED

Tickers: GMTSLA

Keywords: businessdonald trumpgeneral motors coelon muskelectric vehicle manufacturingpaul jacobsonmary barraunited statesdonald j. trumptesla incbusiness newsautos

Source: https://www.cnbc.com/2025/07/22/general-motors-electric-vehicles-tesla.html


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