GM says that electric vehicles are its “ northern star ” while the inherited car manufacturer continues Tesla

While Tesla Remains the manufacturer of electric vehicles n ° 1 in the United States by a large margin, General Motors said on Tuesday that he obtained position No. 2 and considers that he has an “inherent advantage” with regard to electric vehicles.

The managers of the quarterly Call of GM said on Tuesday that the company focused on the involvement and improvement of the profitability of its electric vehicles. When he was asked how GM aims to do so when Tesla faces the same climb up, the OVP financial director Paul Jacobson said that the advantage of the company lies in the diversity of its range through gas and electric vehicles, while the demand for electric vehicles fluctuates.

“Many things are done on Tesla’s simplicity and their scale,” said Jacobson. “And clearly, in a few narrow segments, they have this, and they have made good advantages. And a hat.

GM currently has 12 electric vehicles in its range, while Tesla has five models. Tesla does not break sales by model, but groups them in groups.

Jacobson’s comments arise while car manufacturers face a change in the EV request, hung by the new tax and expenditure bill of President Donald Trump, which should end the $ 7,500 tax credit for new electric vehicles and $ 4,000 in credit for used electric vehicles after September 30.

Sales of new electric vehicles in the second quarter of 2025 fell by 6.3% from one year to the next, which marks only the third dropped decrease, according to the forecourt of the automotive automotive industry.

These sales amounted to an increase of 4.9% compared to the first quarter of 2025, according to Cox Automotive, who declared that the main analyst of Cox, Stephanie Valdez, could represent the start of a precipitation to buy electric vehicles before the end of the tax credit.

Valdez predicted that there will be new Record sales in the third quarter of 2025, followed by a collapse in the fourth quarter while the electric vehicle market adapts to its “new reality” without EV tax credits.

The CEO of GM, Mary Barra, acknowledged that the growth of electric vehicles was slower than expected, but declared Tuesday on the call of the results that “we think that the long -term future is a profitable electric vehicle production, and this continues to be our northern star”.

In the midst of this fluctuating request, a Barclays note of July 17 said that Tesla’s demand and fundamentals remain weak, while its autonomous vehicle and Robotaxi stories were before and in the center.

In the second quarter, Tesla brought in around 384,000 vehicle deliveries, a drop of 14% on the other and its second consecutive quarterly decrease. Deliveries are the approximation closest to sales of vehicles reported by Tesla but are not defined precisely in the communications of the shareholders of the company.

But Tesla is by far the vast leader of the EV. GM electric vehicle sales totaled 46,300 for the quarter, more than double the 21,900 a year ago. It is a relatively small part of total vehicle sales of the Detroit car manufacturer in the second quarter of 974,000.

COX Automotive noted that the 78,000 GM electric vehicles in the first half of 2025 amount to more than double the volume displayed in 2024.

Jacobson said on Tuesday that GM was prepared to modify the demand for electric vehicles, as it built flexibility in its manufacturing factories by investing both in electric vehicles and internal combustion engine cars.

“This integrated flexibility for us to switch between EV and ICE and ensure that we meet customers where they are inherent that we have because we can absorb some of the costs of this manufacturing plant with more ice production if the request for electric vehicle decreases,” said Jacobson.

He underlined GM’s new investments in his Spring Hill factory in Tennessee and the Fairfax factory in Kansas as an example of this diversification. GM announced last month that it was investing $ 4 billion in several American factories and is expected to increase the American production of gas and electricity vehicles.

GM said on Tuesday that Chevrolet holds place No. 2 and that Cadillac is at n ° 5 in the EV brands classification.

– CNBC Lora Kolodny contributed to this report.