- General Motors, Ford and Stellantis have all issued troubling commentary about their electric vehicle businesses.
- Prospects for the market have changed due to a number of Trump policies, most recently the killing off of a $7,500 federal tax credit for EVs.
- Tesla reports earnings next week, and many investors will be paying close attention to what the company says about demand.
General Motors’ announcement on Tuesday that its upcoming quarterly results will include a $1.6 billion charge from its electric vehicle investments is the latest in a string of troubling EV-related disclosures from big automakers.
Ford CEO Jim Farley said late last month that he expects demand for fully electric vehicles to be slashed in half following the end of a federal tax credit program. His prediction came after Stellantis, the parent company of auto brands including Chrysler and Jeep, said it was scrapping its target of producing nothing but electric vehicles in Europe by 2030, and backed off ambitious targets for the U.S., notably for Chrysler.
Source: https://www.cnbc.com/2025/10/15/tesla-demand-in-focus-after-trump-leads-gm-ford-to-retreat-from-ev.html