[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Oninvest @oninvest_tech on x XXX followers
Created: 2025-07-22 16:59:21 UTC
🚗 GM profit drops, tariffs take a $1.1B bite
General Motors reported a XX% drop in Q2 adjusted profit to $3B, citing $1.1B in costs from Trump's tariffs.
Still, it beat expectations on both EPS ($2.53/share) and revenue ($47.1B, down X% YoY) — and reaffirmed its full-year outlook.
📉 $GM slid ~7% after report.
GM warned that the impact of trade barriers will worsen in Q3. It’s responding with price hikes and production shifts, aiming to absorb at least XX% of the hit.
#GM #Earnings #Autos #Tariffs #Markets #Oninvest #EVs
XX engagements
Related Topics $gm $471b $253share eps trumps $3b $11b tariffs