General Motors (GM) faces challenges as Trump’s tariffs impact profits and EV future remains uncertain. Net income dropped 35% with a $1.1 billion hit from tariffs. Shares fell 7% despite beating estimates. GM is investing $4 billion in US plants to mitigate tariffs. Analysts see potential upside. GM sold 7.3% more vehicles in Q2, including 46,300 EVs. Concerns about tariffs and costs affect stock performance. EV division’s profitability uncertain as demand slows and tax credit expires. Analysts warn of trickier profitability for GM’s EVs. CEO Barra remains optimistic about EV profitability. GM sees growth in China with profitable ventures and tighter inventory control, returning to profitability.

Read more at Yahoo Finance: GM stock buckles under multiple headwinds and risky bets on EVs