利好突袭！超级巨头，深夜暴涨！

Core Viewpoint - General Motors reported better-than-expected earnings, leading to a significant surge in its stock price and positive movement in the automotive sector, while also adjusting its 2025 performance guidance upward [2][4]. Financial Performance - General Motors' Q3 revenue was $48.6 billion, exceeding market expectations of $45.26 billion, despite a slight year-over-year decline [4]. - Adjusted earnings per share fell to $2.80, significantly surpassing the market forecast of $2.31 [4]. - The company raised its full-year adjusted core profit guidance for 2025 to between $12 billion and $13 billion, up from the previous range of $10 billion to $12.5 billion [4]. Market Position - General Motors achieved its highest market share in the U.S. for Q3 since 2017, with a year-over-year sales increase of 8% [4]. - The company maintained strong profit margins while keeping sales incentives below the industry average [4]. Tariff Impact and Adjustments - General Motors revised its estimate of the tariff impact on profits to a range of $3.5 billion to $4.5 billion, down from $4 billion to $5 billion [5]. - The company plans to offset approximately 35% of the tariff impact through supply chain adjustments [6]. Electric Vehicle Strategy - General Motors incurred a one-time charge of $1.6 billion due to adjustments in its electric vehicle strategy [5]. - The CEO indicated that future decisions regarding electric vehicle production will be guided by consumer demand rather than a fixed timeline [5]. Industry Trends - The U.S. automotive market saw a 6% increase in sales in Q3, with consumers favoring high-end models despite tariff costs [7]. - The electric vehicle market experienced a significant surge, with over 1 million pure electric vehicles sold in the first three quarters of the year, and Q3 sales reaching a record 438,000 units [7]. Investment and Production - General Motors announced a $4 billion investment in Michigan, Kansas, and Tennessee to bolster domestic production in response to tariff measures [8]. - Stellantis also plans to invest $13 billion in the U.S. over the next four years, aiming to introduce five new models and create 5,000 jobs [8].