General Motors said on Thursday it will record a one-time earnings hit of $7.1bn in its quarterly financial results, mostly due to its pullback from electric vehicles in light of shifting US policies.The Detroit auto giant’s fourth-quarter results will be dented by $6bn in charges connected to reversals on EV investments, according to a securities filing. The remaining $1.1bn includes costs from the company’s restructuring of its China operations.GM’s move follows a $1.6bn write-down in the third quarter du ...

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks on the Market's Radar. On January 5, UBS analyst Joseph Spak reiterated a Sell rating on the stock with a $247.00 price target. While the firm is bullish on Tesla’s technological progress, it believes that AI upside is more than priced in. According to Spak, Tesla’s stock continues to rise despite declining electric vehicle sales and negative earnings revisions, with the bull case remaining about robo taxis and Optimus. Consensus EPS estimates for 2025 and ...

Well-known Tesla Inc. (NASDAQ:TSLA)  bear Gordon Johnson remains a seller of the electric vehicle company run by Elon Musk. The analyst uses competitors for several sectors to create a new sum-of-the-parts valuation for Tesla's various business lines, including Optimus, FSD, electric vehicles and energy.The Tesla Analyst: GLJ Research analyst Gordon Johnson maintained a Sell rating on Tesla stock and raised the price target from $19.05 to $25.28.The Analyst Takeaways: With fourth-quarter deliveries missing ...

Core Viewpoint - General Motors (GM) is taking a $6 billion charge to unwind some electric vehicle (EV) investments due to changing market conditions and the impact of the Trump administration's policies on demand for EVs [1] Group 1: Financial Impact - The majority of GM's writedown, amounting to a $4.2 billion cash charge, is associated with contract cancellations and settlements with suppliers who had anticipated higher production volumes [2][4] - The charge will be recorded as a special item in GM's fourth-quarter earnings report, with expectations of additional charges in 2026, although these are anticipated to be lower than the 2025 EV charges [5] Group 2: Production and Offerings - Despite the writedown, GM stated that it will not affect its US lineup of approximately a dozen EV models, which is noted as the industry's broadest offering of battery-powered vehicles [4]

Gary Black, Managing Partner of The Future Fund LLC, has expressed his unwillingness to short Tesla Inc. (NASDAQ:TSLA) despite his concerns with the EV giant's valuation. Tesla Is Too Good A Company Taking to the social media platform X on Tuesday, Black shared an insight into why investors invoke short positions against a company’s stock. “Shorting stocks is no picnic,” he said. Black added that the ideal candidates for shorting include businesses that face "secular demand decline or permanent market sh ...

General Motors expects to incur a $6 billion charge in the fourth quarter from a review of its electric vehicle manufacturing capacity following the end of a $7,500 EV tax credit and slowing consumer ... ...

If you think you might qualify for the car loan interest deduction, first dig out the window sticker that was on the new car you bought in 2025 — known as the Monroney label, named for Sen. Almer Stilwell “Mike” Monroney. The Oklahoma Democrat pushed for legislation to give consumers detailed upfront information via window stickers in 1958.You cannot claim the new tax deduction for car loan interest, if the new car you bought in 2025 had its final assembly outside of the United States.Many people cannot ans ...

General Motors (GM) will take an additional $6 billion charge to its EV business, the automaker said in an SEC filing posted after the bell on Thursday. This comes after softer-than-expected demand for EVs and the loss of the federal EV tax credit at the end of Q3 2025. "Our review of EV capacity and investments continued throughout the fourth quarter and, as a result, we expect to record charges of approximately $6 billion in the 3 months ended December 31, 2025, primarily in GMNA[GM North America]," the ...

General Motors said on Thursday it would take a $6 billion charge to unwind some electric-vehicle investments, the latest car company to pull back from EVs in response to the Trump administration's po... ...

General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand. ...