'Fast Money' traders discuss GM's stock after UBS upgraded to buy

Group 1: General Motors - UBS upgraded General Motors from neutral to buy, raising the price target from $56 to $81, citing the company's ability to manage tariff costs effectively [1] - Analysts expect North American margins for General Motors to be between 8% to 10%, which is significantly higher than the street's expectation of 6% to 6.5% [5] - The potential for lower interest rates is anticipated to drive higher vehicle sales for General Motors [5] Group 2: Tesla - Tesla shares increased nearly 4%, marking the highest close since December, with analysts predicting a strong Q3 due to expected delivery numbers exceeding expectations [2] - The impending deadline for tax credits is expected to boost demand for Tesla vehicles in Q3 [2] - Analysts believe Tesla has favorable conditions heading into year-end, despite some anticipated challenges [3] Group 3: Automotive Market Conditions - Rising interest rates have made vehicles less affordable, impacting consumer purchasing behavior [4] - The overall price of cars is a concern, with significant increases noted compared to three years ago, influenced by tariffs and interest rates [4][6] - The automotive industry is experiencing a shift with regulatory changes that may provide short-term benefits but could pose long-term challenges [6]