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
Keywords: business, donald trump, general motors co, elon musk, electric vehicle manufacturing, paul jacobson, mary barra, united states, donald j. trump, tesla inc, business news, autos,
Source: https://www.cnbc.com/2025/07/22/general-motors-electric-vehicles-tesla.html