) is set to release its third quarter earnings results on Tuesday, October 22, before the market opens. Yahoo Finance Autos Reporterhighlights the three key factors investors should focus on in the upcoming release, including GM's sales figures, the profitability of GM's electric vehicle offerings, and the automaker's forward-looking guidance.
That's actually compared to Q two, which Q two is actually usually a big sales quarter for them, but up slightly versus a year ago, what's going on?Um you know, GM said it would, it would hit profitability from a contribution margin basis by the end of that year.And finally G M's profit outlook, they raised their profit outlook twice already this year.Looking for around 13 to 15 billion adjusted EBIT, which would be more than they did last year, slightly more than last year.
And it's kind of like the question is, well, if you're gonna keep cutting down the uh the your, your kind of output, that's gonna hurt your margins. So that's sort of the, the, the story that we want to hear from them uh, on ev profitability and, and profit margins.I mean, look, Tesla has like high teens gross margins for their EVSG would be over the moon if they had that right now.
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