Automotive Giants GM and Tesla Show Strong Q2 Performance Amidst Technological Advancements
General Motors (GM) reported impressive Q2 results with record revenue, surpassing earnings, and raising full-year guidance. The company's focus on high-demand gas, trucks, and EVs, along with expansion in the Cruise autonomous unit and a substantial stock buyback, contributed to its success.
GM aims for significant EV production in 2023. Conversely, Tesla anticipates its Q2 earnings with a spotlight on profit margins and the robotaxi unveiling. Despite price cuts affecting margins, Tesla plans to introduce humanoid robots in production.
The company's stock value surged, although China sales dipped. Investors are eager for updates on cheaper EV models and Tesla Energy to achieve a $1 trillion valuation.
Both GM and Tesla showcase resilience and innovation in the competitive automotive industry.
Related news on that topic:
The press radar on this topic:
GM Q2 earnings: GM beats, raises full-year guidance for 2nd straight quarter on the back of robust sales
GE Aerospace Stock Jumps on Earnings Beat, Guidance Boost
Tesla Q2 earnings preview: Robotaxi, cheap EV updates critical to bull thesis
Welcome!
![InfoBud.ai](https://ik.imagekit.io/enm51urx3/static/infobud-world-news-300.jpg)
infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand