General Motors Delivers Q2 Beat, Braces For Higher Tariff Pressures Ahead

Shares of General Motors Co GM tanked in early trading on Wednesday, despite the company surpassing revenue and earnings estimates.The General Motors Analyst: Wedbush analyst Daniel Ives maintained an Outperform rating and price target of $55.The General Motors Thesis: The company reported revenues of $47.12 billion, down 2% year-on-year, but significantly higher than Street expectations of $45.84 billion, driven by "strong demand for its vehicles and stable vehicle pricing," Ives said in the note.Check out ...