GM stock surges on record EV sales, up 1.3% YoY.

General Motors' stock rose up to 1.3% after announcing a record 19,000 electric vehicle sales in the US, a 115% YoY increase. This significant growth in electric vehicle sales is likely to positively impact GM's stock performance and reinforces the company's commitment to electric vehicle production.

General Motors (GM) saw its stock rise by up to 1.3% following the announcement of a record 19,000 electric vehicle (EV) sales in the US during July 2025. This represents a significant 115% year-over-year (YoY) increase, driven primarily by strong demand for the Chevrolet Equinox EV [1]. The compact SUV accounted for more than 8,500 units, or approximately 45% of GM's total EV sales, making July the best sales month for the Equinox EV and the highest monthly total ever recorded by a non-Tesla EV in the United States [1].

The robust performance of GM's EV sales is a reflection of the growing consumer interest in electric vehicles. The company delivered more than 78,000 electric vehicles in the first half of 2025, more than doubling the volume recorded in the same period last year [1]. This growth is particularly notable as the federal tax credit on the purchase of EVs is set to expire on September 30, 2025 [2].

Despite the strong top-line growth, analysts remain cautious. Bernstein analysts have noted that while GM's second-quarter results "looked fine on paper," the company faces deteriorating margins in North America and renewed losses in the EV business, exacerbated by tariffs [1]. However, some analysts remain constructive, with Bernstein's Daniel Roeska raising his price target on GM shares to $41 from $36, citing improved visibility on trade-related headwinds [1].

GM's stock has seen mixed reactions from analysts, with Deutsche Bank, Barclays, and Bank of America trimming their targets in recent weeks, while Citi and Wells Fargo raised theirs to $61 and $38, respectively [1].

The record EV sales and the positive market response suggest that GM's commitment to electric vehicle production is paying off. As the company continues to invest in its EV portfolio, including the Chevrolet Blazer EV and the GMC Sierra EV, investors will be closely watching the impact of the expiring federal tax credits on EV sales and GM's stock performance.

References:
[1] https://eletric-vehicles.com/general-motors/gm-says-equinox-achieved-best-ever-us-sales-for-a-non-tesla-ev-in-july/
[2] https://stocktwits.com/news-articles/markets/equity/gm-more-than-doubles-ev-sales-in-july/chrXtqtRdcP