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Here’s what Tesla earnings might mean for GM earnings next week

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General Motors is slated to report quarterly earnings before the bell on Tuesday, on the heels of a difficult quarter for Tesla and amid heated EV price wars.

General Motors Co. is slated to report quarterly earnings before the bell on Tuesday, on the heels of a difficult quarter for Tesla Inc. and amid heated EV price wars.

GM GM said in late January that it would not follow Tesla TSLA and Ford Motor Co. F in cutting electric-vehicle prices to spur demand. The FactSet consensus calls for adjusted earnings of $6.01 a share for GM this year, which would compare with adjusted earnings per share of $7.59 for 2022. Revenue: The analysts surveyed by FactSet are calling for sales of $38.5 billion for GM, compared with $36 billion in the first quarter of 2022. Estimize is expecting GM revenue to be a tad higher, to $38.6 billion.

Two years ago, GM set a goal to sell only EVs by 2035. Since then, it has launched or announced plans to launch several new EVs, mostly the types of vehicles U.S. buyers have favored for years: SUVs and trucks.

 

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