General Motors Co (NYSE:GM) stock is down 7% at $49.58 this morning, sliding lower despite the vehicle manufacturer's second-quarter earnings and revenue beat.
General Motors Company (NYSE:GM) shares fell almost 7% after the automaker reported a drop in profit for the second quarter due to new global tariffs. The company reported adjusted earnings before interest and taxes (EBIT) of $3 billion, down from $4.4 billion in the same period last year, attributed to a net tariff impact of $1.1 billion.
General Motors posted a $3 billion second-quarter profit—down $1.1 billion primarily because of tariffs imposed by the Trump administration, the company said in its earnings call on Tuesday, a day after Stellantis (Jeep, Fiat, Chrysler) blamed steep losses on tariffs.
Automaker General Motors posted a 12% sales gain through the first half of year while working to mitigate the effects of President Donald Trump's tariffs.
General Motors Co. reported better-than-expected adjusted earnings for the second quarter of 2025 despite grappling with $1.1 billion in tariff-related costs. However, its shares slipped 3.5% in premarket trading after the automaker warned that the third-quarter tariff impact would be even more severe.
General Motors (GM) on Tuesday posted second-quarter results that topped analysts' estimates, but warned it could face a bigger headwind from tariffs in the second half of the year.
General Motors Corp. on Tuesday reported adjusted second-quarter profit of $2.53 a share, ahead of the FactSet consensus estimate of $2.34 a share, but said tariffs impacted its business by $1.1 billion.
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