General Motors said Tuesday it has secured the number two spot in U.S. EV sales behind Tesla, according to CNBC. GM executives said Tuesday the company is focused on improving EV profitability. CFO Paul Jacobson pointed to GM’s mix of gas and electric vehicles as a strategic advantage amid shifting demand.

General Motors Company (NYSE:GM) is navigating a complex automotive landscape, contending with rising tariffs and significant capital expenditures, yet the company remains steadfast in its projection of $7.

With federal tax credits ending, the auto giant leans on its profitable gasoline-powered SUVs to fund a longer, tougher road to an all-electric future.

The Detroit giant reported a $1.1 billion year-over-year drop in quarterly revenue.But while the numbers are grim, GM is focusing on the bright spots, including record first-half revenue and growing EV momentum.

Even with shares down 12% this year, Tesla Inc. (NASDAQ:TSLA) still carries an out-of-this-world price-to-earnings ratio of 189x. That's not just lofty—it's meme-level. Tesla's Valuation Is Still From Another Planet For context,

Another reason that Cadillac could be a sneaky help to General Motors' EV ambitions is because the administration's tariff policy has a very limited impact on Cadillac. The brand is almost entirely produced in the U.S., with the exception of the Optiq that is produced in Mexico.

According to General Motors Insurance’s website, insurance is now also offered in Arkansas and Colorado. Coverage is offered even to drivers who don’t own a General Motors vehicle. Governor Landry signs executive order to form new alternative accrediting body in Louisiana

Despite a decrease in overall sales for the year, EVs are shining bright in the lead-up to September’s consumer credit deadline.